- Release Date: 30/04/12 17:30
- Summary: ASSET: DOW: Downer completes sale of CPG Asia
- Price Sensitive: No
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DOW 30/04/2012 15:30 ASSET REL: 1530 HRS Downer EDI Limited ASSET: DOW: Downer completes sale of CPG Asia Media/ASX and NZX Release 30 April 2012 DOWNER COMPLETES SALE OF CPG ASIA Downer EDI Limited (Downer) announced today it had completed the sale of its CPG Asia business to China Architecture Design and Research Group (CAG). Downer announced on 14 December 2011 that it had entered into a Share Sale Agreement with CAG to sell the CPG Asia business for A$147 million. As announced at Downer's Half Year Results on 21 February 2012, the sale proceeds will be used to repay a Singapore Syndicated Facility of SGD120 million and part of the New Zealand Works Bonds facility when it falls due in September 2012. For further information please contact: Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61 439 470145 Luke Thrum, Manager Investor Relations +61 459 828720 Downer EDI Limited (www.downergroup.com) provides comprehensive engineering and infrastructure management services to the public and private Minerals & Metals, Oil & Gas, Power, Transport Infrastructure, Communications, Water and Property sectors across Australia, New Zealand and the Asia Pacific region. End CA:00222357 For:DOW Type:ASSET Time:2012-04-30 15:30:21
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