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Downer in $400m equity raising and corporate overhaul – Sydney Morning Herald
ASX-listed Downer has unveiled a corporate overhaul including a $400 million equity raising and signalled it is likely exit from capital-intensive businesses like mining and laundry.
ASX-listed Downer has unveiled a corporate overhaul including a $400 million equity raising, plans to acquire 100 per cent ownership of Spotless group and signalled it is likely to exit capital-intensive businesses like mining and laundry.
The changes would allow Downer, which has a market capitalisation of about $2.5 billion, to focus on its core urban services businesses including transport services and utilities services.
Mining services and transport business Downer EDI will undertake a $4…
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