Business
Downer EDI to resume dividends after $150m loss – The Australian Financial Review
The contractor has not provided any earnings guidance for fiscal 2021, but said a $400 million equity raising had given it “a strong liquidity position”.
About 6000 Spotless staff, mostly casuals who worked for the group’s hospitality businesses which includes catering at the Melbourne Cricket Ground were stood down when the pandemic closed venues.
Grant Fenn was paid $3 million in fiscal 2020, down from $4.7 million a year earlier. Louise Kennerley
Downer will proceed to buying out the remainder of Spotless it does not own after entering a call option deed with New York hedge fund Coltrane Asset Management.
Downer will use an option over 2.9…
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