Sale of Downer Blasting Services
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Media/ASX and NZX Release
18 November 2020
SALE OF DOWNER BLASTING SERVICES
Downer EDI Limited (Downer) announced today it had entered into an agreement to sell its
blasting services business (Downer Blasting Services) to Enaex S.A. Enaex S.A. is a subsidiary of
the Chilean company Sigdo Koppers Group, which has operations in five continents, and is the
largest producer of explosive-grade ammonium nitrate in Latin America.
The sale price represents an enterprise value of $62 million.
The Chief Executive Officer of Downer, Grant Fenn, said the sale of Downer Blasting Services was
an important step in Downer’s Urban Services strategy.
“The sale of Downer Blasting Services follows the sale of the Snowden consulting business and
also our share in the RTL Mining and Earthworks joint venture,” Mr Fenn said. “We are in active
discussions with a number of interested parties in relation to the rest of the Mining portfolio.”
Completion of the transaction, which is subject to regulatory approvals and other customary
conditions, is expected to occur before the end of March 2021.
Authorised for release by Downer’s Chief Executive Officer, Grant Fenn.
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. For more information
visit www.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 DOWNER
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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