Aug 17 (Reuters) - LendLease Group LLC.AX :
* SALE OF ENGINEERING BUSINESS IS ANTICIPATED TO COMPLETE SHORTLY
* SALE PRICE IS $160 MILLION FOR ENGINEERING BUSINESS
* AS AT FY-END, CONSTRUCTION BACKLOG REVENUE FOR CORE BUSINESS IS $14 BILLION
* EXPECTS COST ESTIMATE TO EXIT ENGINEERING AND SERVICES ABOUT $550 MILLION PRE TAX
* SALE PROCESS FOR SERVICES BUSINESS HAS BEEN PAUSED AS A RESULT OF CURRENT MARKET CONDITIONS