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DOWNER EDI LIMITED — Capital/Financing Update 2012
Apr 29, 2012
64784_rns_2012-04-29_358f2b1d-26ae-460f-8726-28046d5c4b74.pdf
Capital/Financing Update
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Media/ASX and NZX Release
30 April 2012
DOWNER COMPLETES SALE OF CPG ASIA
Downer EDI Limited (Downer) announced today it had completed the sale of its CPG Asia business to China Architecture Design and Research Group (CAG).
Downer announced on 14 December 2011 that it had entered into a Share Sale Agreement with CAG to sell the CPG Asia business for A$147 million.
As announced at Downer’s Half Year Results on 21 February 2012, the sale proceeds will be used to repay a Singapore Syndicated Facility of SGD120 million and part of the New Zealand Works Bonds facility when it falls due in September 2012.
For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61 439 470145 Luke Thrum, Manager Investor Relations +61 459 828720
Downer EDI Limited (www.downergroup.com) provides comprehensive engineering and infrastructure management services to the public and private Minerals & Metals, Oil & Gas, Power, Transport Infrastructure, Communications, Water and Property sectors across Australia, New Zealand and the Asia Pacific region.
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A Triniti Business Campus, 39 Delhi Road, North Ryde NSW 2113 P PO Box 1823, North Ryde NSW 2113 T +61 2 9468 9700 | F +61 2 9813 8915 | W downergroup.com
Downer EDI Limited ABN 97 003 872 848