Bids land for Downer's $200m mining services arm

Bids land for Downer’s $200m mining services arm
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Downer Group has received offers for its up-for-sale Open Cut Mining East arm. 
Street Talk understands bids for the $3.8 billion company’s Open Cut Mining East division have started flowing in, with offers around the $200 million mark.
The Macquarie Capital-run auction is understood to be shaping as a three-horse race between Mark Rowsthorn’s Rivet Group, Indian player AvidSys and Indonesian mining contractor Buma.
Sources reckoned the international players had their noses in front, however Rivet hasn’t given up and would be pitching its Australian credentials to Open Cut Mining East’s customers.

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