Downer EDI (ASX:DOW) says they are ‘not for sale’

Company News

by Rachael Jones

Downer EDI (ASX:DOW) released a statement today refering to an article in today’s edition of The Australian which speculates about the potential sale of Downer’s “oil and gas sector-related operations”.

Downer confirms that the business is not for sale and no consideration is being given to its sale.

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.

Shares in Downer EDI (ASX:DOW) are trading 1.1 per cent higher at $7.53.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.