March 16 (Reuters) - PERENTI GLOBAL LTD (PRN) :
- SUSPENDED PARTICIPATION IN SALE PROCESS CONDUCTED BY DOWNER EDI LIMITED FOR ITS MINING SERVICES DIVISION
- SUSPENDED PARTICIPATION IN SALE PROCESS CONDUCTED BY DOWNER EDI LIMITED FOR ITS MINING SERVICES DIVISION
- SUSPENDED PARTICIPATION IN SALE PROCESS BY DOWNER EDI DUE TO CURRENT MARKET CONDITIONS
- CONTINUES TO BELIEVE POTENTIAL ACQUISITION HAS STRATEGIC MERIT
- CONSIDERS THAT STRUCTURING & FUNDING A DEAL IN CURRENT PERIOD OF MARKET UNCERTAINTY & VOLATILITY WOULD NOT BE IN BEST INTERESTS
- DO NOT RULE OUT RE-ENGAGING WITH DOWNER IF MARKET CONDITIONS IMPROVE
- PERENTI SUSPENDS EVALUATION OF DOWNER MINING
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