The latest announcement is out from Downer EDI Limited ( (AU:DOW) ).
Downer EDI Limited has completed the divestment of its 29.9% interest in its Australian laundries business to a private equity fund managed by Macquarie Asset Management, finalizing its exit from the laundries sector. This strategic move aligns with Downer’s focus on portfolio simplification, allowing the company to concentrate on core markets with strong growth opportunities and enhance its balance sheet for future capital allocation initiatives.
More about Downer EDI Limited
Downer EDI Limited is a leading provider of integrated services across Australia and New Zealand, focusing on delivering and maintaining essential infrastructure. The company’s operations are influenced by investments in energy transition, defense capability, government services, and infrastructure expansion. Downer operates in sectors such as roads, rail, ports, airports, power, gas, water, telecommunications, energy networks, health, education, defense, and other government sectors. It is one of the largest private sector employers in the region, with over 26,000 employees.
YTD Price Performance: -3.92%
Average Trading Volume: 1,515
Technical Sentiment Signal: Hold
Current Market Cap: €2.06B
Learn more about DOW stock on TipRanks’ Stock Analysis page.