Business
Downer to offload blasting business for $62m – Australian Mining
Downer is set to sell its Downer Blasting Services business to Enaex S.A. after signing an agreement with the Chilean company.
Downer is set to sell its Downer Blasting Services business to Enaex S.A. after signing an agreement with the Chilean company.
Enaex S.A. is a subsidiary of Sidgo Coppers Group, the largest producer of explosive-grade ammonium nitrate in Latin America.
Valued at $62 million, the proposed transaction is subject to regulatory approvals and conditions that are expected to be finalised before the end of March next year.
Downer chief executive Grant Fenn said the company was in discussions with “a number…
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