EY tows Malaysia’s Gamuda into Downer projects arm (original) (raw)
Street Talk
Feb 23, 2023 – 2.22pm
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Downer EDI Ltd has chipped off another business unit, agreeing to sell its construction services arm Australian Transport Projects (ATP) to Malaysia’s Gamuda Berhad for $220 million.
The deal, announced in Malaysia on Wednesday night, would see Gamuda take control of ATP, its 1000 employees and $2 billion project pipeline, by June 30.
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
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