Downer EDI Limited has announced the completion of its contracts with Probuild Constructions (Australia) Pty Ltd for the provision of mechanical and electrical services for the new Victoria Police building in Melbourne.
Probuild has since appointed an Administrator on 23 February 2022, with Downer recognising approximately $30 million in unpaid claims.
In response, Downer has exited non-core businesses, including the higher risk construction markets in the Infrastructure and Construction business.
Downer is currently assessing any potential financial impacts from the Probuild administration process.
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