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Construction giant Lendlease is expected to face questions about the sale of its engineering business at is annual general meeting on Wednesday, amid mounting speculation a deal for the troubled unit could soon be announced.

Lendlease announced plans to sell its engineering division in 2018 following a series of delays and cost blowouts to major projects that resulted in multimillion-dollar write-downs.

Market sources have speculated that Lendlease is on the brink of announcing a deal with a European buyer for the business. Lendlease declined to comment.

The company has previously confirmed shortlisted bidders had moved into due diligence on the business. A host of companies have been linked with the division. Many Australian engineering and infrastructure firms have been acquired by offshore buyers in recent years.

Sarah has more here. 

Good Morning and welcome to today’s Markets Live blog.

Your editor today is David Scutt.

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