Keolis S.A. entered into an agreement to acquire remaining 49% stake in Keolis Downer Pty Ltd. from Downer EDI Limited for an enterprise value of approximately AUD 130 million.
Keolis S.A. entered into an agreement to acquire remaining 49% stake in Keolis Downer Pty Ltd. from Downer EDI Limited (ASX:DOW) for an enterprise value of approximately AUD 130 million on July 1, 2025. Upon completion, Keolis S.A. will own 100% stake in Keolis Downer Pty Ltd.
Completion of the transaction, subject to customary completion adjustments including for net debt, retentions and any pre-completion dividends, Foreign Investment Review Board approval and other customary conditions, is expected to occur later in 2025 or early in 2026.
Downer EDI Limited is an Australia-based company that provides integrated services in Australia and New Zealand. The Company’s segments include Transport, Utilities and Facilities. Its Transport segment consists of its road services, transport infrastructure and rail businesses. Its road and transport infrastructure services include road network management; routine road maintenance; asset management systems; spray sealing; asphalt laying, and others. Utilities segment consists of power, gas, water and telecommunications businesses. This includes planning, designing, constructing, operating, maintaining, managing and decommissioning power and gas network assets and others. Its Facilities segment provides outsourced facility services such as technical and engineering services; maintenance and asset management services, including shutdowns, turnaround and outage delivery; operations maintenance, refrigeration solutions and ongoing management of strategic assets across a range of sectors.
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ESG MSCI
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Keolis S.A. entered into an agreement to acquire remaining 49% stake in Keolis Downer Pty Ltd. from Downer EDI Limited for an enterprise value of approximately AUD 130 million.
