News: DOW Downer EDI Announces Sale Of Australian Transport Projects

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    Feb 22 (Reuters) - Downer EDI Ltd (DOW) :

    • SALE OF AUSTRALIAN TRANSPORT PROJECTS
    • ENTERED INTO AN AGREEMENT TO SELL ITS AUSTRALIAN TRANSPORT PROJECTS BUSINESS
    • SALE PRICE REPRESENTS AN ENTERPRISE VALUE OF A$212 MILLION
    • COMPLETION OF TRANSACTION EXPECTED TO OCCUR BEFORE 30 JUNE 2023
    • SALE OF AUSTRALIAN TRANSPORT PROJECTS BUSINESS TO AUSTRALIAN SUBSIDIARY OF GAMUDA BERHAD
 
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