Why the Downer (ASX:DOW) share price is climbing higher today

The Downer EDI Ltd (ASX: DOW) share price is lifting today on news the company has inked a deal to sell its Laundries business. At the time of writing, the Downer share price is up 0.76% at $5.32.

Downer is an integrated services company that operates primarily in Australia and New Zealand. The multi-functional company has three divisions: infrastructure, mining and rail. These industries move into market sectors such as minerals and metals, oil and gas, power, transport, telecommunications, water and property.

What’s driving the Downer share price higher today?

The Downer share price is moving higher today after entering an agreement with private equity firm, Adamantem Capital.

Downer said it was selling a 70% stake in its…