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Mobile Tyre Shop revs up for pre-IPO round

Mobile Tyre Shop, founded by Challenger’s former head of leasing, is parading its wares to potential investors for a $20 million pre-IPO round. ....

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Downer (ASX:DOW) moves further away from mining with sale of Otraco

Downer (ASX:DOW) moves further away from mining with sale of Otraco
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Integrated services provider Downer (DOW) has taken another step under its Urban Services strategy with the $79 million sale of Otraco to Bridgestone
The sale is part of the company s decision to exit the capital-intensive mining sector and focus on more core industries like transport and utilities
The completion of the sale, which remains subject to regulatory approval, is expected to occur before the end of this year
So far, the proceeds from the sale of Downer s businesses amounts to $605 million, of which $476 million has already been received ....

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