Leighton Holdings has confirmed it will change its name to CIMIC Group as the construction group try's to distance itself from corruption allegations.

Shareholders will be asked to vote on the name change at the company’s annual general meeting in Sydney on April 21. CIMIC stands for Construction, Infrastructure, Mining and Concessions. The name change follows the acquisition of Leighton by Spanish construction group ACS a year ago, and the subsequent restructure of…