Downer EDI Limited has completed the sale of its Open Cut Mining East business to BUMA Australia Pty Ltd for $150 million in cash proceeds, subject to completion adjustments.
This is the final transaction in Downer’s divestment of its Mining portfolio of businesses, with total proceeds from the program amounting to $778 million.
The sale is authorised for release by the Downer’s Chief Executive Officer, Grant Fenn.
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