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Downer EDI Limited ( (AU:DOW) ) has shared an update.
Downer EDI Limited announced the sale of its 49% interest in the Keolis Downer joint venture to Keolis Group for an enterprise value of $132 million. This divestment is part of Downer’s strategy to simplify its portfolio and focus on core markets, enhancing its balance sheet flexibility for future capital management initiatives. The transaction is expected to be completed by early 2026, pending regulatory approvals, and will not affect Downer’s ongoing rollingstock maintenance business.
The most recent analyst rating on (AU:DOW) stock is a Hold with a A$5.77 price target. To see the full list of analyst forecasts on Downer EDI Limited stock, see the AU:DOW Stock Forecast page.
More about Downer EDI Limited
Downer EDI Limited is a leading provider of integrated services across Australia and New Zealand, focusing on essential infrastructure that supports community growth. The company operates in sectors such as roads, rail, ports, airports, power, gas, water, telecommunications, energy networks, health, education, and defense. Downer employs over 26,000 people and is driven by a high-performance culture known as ‘The Downer Difference’.
Average Trading Volume: 1,093,951
Technical Sentiment Signal: Buy
Current Market Cap: A$4.23B
For a thorough assessment of DOW stock, go to TipRanks’ Stock Analysis page.