Brief: Downer EDI Announces Sale Of Downer's Interest In Repurpose IT

DOWNER EDI

10/11/2023 01:24

Nov 10 (Reuters) - Downer EDI Ltd  DOW.AX :
    * SALE OF DOWNER'S INTEREST IN REPURPOSE IT
    * SALE OF DOWNER'S INTEREST IN REPURPOSE IT
    * ANNOUNCED SALE OF ITS 45 PER CENT INTEREST IN REPURPOSE I
    * SALE PRICE REPRESENTS AN ENTERPRISE VALUE OF A$220.0
MILLION
    * COMPLETION OF SALE IS EXPECTED TO OCCUR AROUND END OF THIS
CALENDAR YEAR
    * EXPECTS TO RECEIVE POST-TAX CASH PROCEEDS OF A$85.0
MILLION,
POST-TAX GAIN ON DISPOSAL OF A$50.0 MILLION AFTER DISPOSAL

Source text for Eikon:  ID:nASXb85PFK 
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