Downer suspends review of Mining business
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Media/ASX and NZX Release
16 March 2020
DOWNER SUSPENDS REVIEW OF MINING BUSINESS
On 22 August 2019, Downer EDI Limited (Downer) announced it was undertaking a review of its portfolio of
businesses and that its Mining business would be an important area of focus.
Downer announced today that the review process relating to its Mining business, including a potential sale,
had been suspended due to the extraordinary market volatility caused by the COVID-19 pandemic.
The process in relation to the potential sale of Downer’s Laundries business is continuing and Downer will
keep the market informed.
The Chief Executive Officer of Downer, Grant Fenn, said Downer’s Mining business was performing well.
“As we said when we announced the portfolio review, Downer’s Mining business is a leader in Australia with
a proven track record and it is well positioned to build on its strong market position and pipeline of work,” Mr
Fenn said.
Authorised for release by Grant Fenn, CEO of Downer Group.
About Downer
Downer is the leading provider of integrated services in Australia and New Zealand and customers are at the
heart of everything it does. It exists to create and sustain the modern environment and its promise is to work
closely with its customers to help them succeed, using world-leading insights and solutions to design, build
and sustain assets, infrastructure and facilities. Downer employs more than 53,000 people across more than
300 sites, primarily in Australia and New Zealand, but also in the Asia-Pacific region, South America and
Southern Africa. It also owns 88 per cent of Spotless Group Holdings Limited. For more information visit
downergroup.com.
For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61 439 470 145
Downer EDI Limited
ABN 97 003 872 848
Triniti Business Campus
39 Delhi Road
North Ryde NSW 2113
1800 DOW NER
www.downergroup.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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