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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. ....

Spotless Group , Mineral Resources , Adaman Resources , Open Cut Mining East , Open Cut Mining West , Maca Limited , Byrnecut Australia , Bridgestone Corporation , Spotless Laundries , களங்கமற்ற குழு , தாது வளங்கள் , மக்கா வரையறுக்கப்பட்டவை , பிரிட்ஜ்ஸ்டோன் நிறுவனம் , களங்கமற்ற சலவை ,

Downer shops $244.4m yearly hospitality contracts to rivals


Downer shops $244.4m yearly hospitality contracts to rivals
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ASX-listed Downer Group is cooking up a deal to exit the hospitality sector.
Street Talk can reveal Downer has started shopping a bucket of 210 hospitality sector contracts in its Spotless Group arm to rival services companies, pitching it as a “low concentration portfolio” across Australia and New Zealand.
Downer’s contract to provide catering services at Sydney’s Taronga Zoo is included in a portfolio of up-for-grabs contracts.  
Kate Geraghty
Downer said the up-for-grabs portfolio was likely to produce $244.4 million revenue and $27.2 million EBITDA in the upcoming financial year, and included venues and stadia (such as Melbourne Town Hall, Virgin Australia Lounges), educational facilities (Taronga Zoo and school lunches in NZ) and corporate sites. ....

New Zealand , Jon Newbery , Compass Group , Melbourne Cricket Ground , Spotless Laundries , புதியது ஜீலாந்து , திசைகாட்டி குழு , மெல்போர்ன் மட்டைப்பந்து தரையில் , களங்கமற்ற சலவை ,