Bursa Announcements
News
Proposed Acquisition Of Australian Transport Projects Business From Downer Edi Works Pty Ltd And VEC Civil Engineering Pty Ltd
Feb 22, 2023
Type
Announcement
Subject
OTHERS
Description
PROPOSED ACQUISITION OF AUSTRALIAN TRANSPORT PROJECTS BUSINESS FROM DOWNER EDI WORKS PTY LTD AND VEC CIVIL ENGINEERING PTY LTD
The Board of Directors of Gamuda Berhad [Co. Regn. No. 19760103632 (29579-T)] (“Gamuda” or “Company”) wishes to announce that its wholly owned foreign sub-subsidiary in Australia, DT Infrastructure Pty Ltd [Australian Company No. 665 782 730] (“DT Infrastructure”) has on 22 February 2023 executed an asset sale agreement (“Agreement”) to acquire the Australian transport projects business [herein referred as Downer Transport Projects (“DTP”)] from:
(a) Downer EDI Works Pty Ltd [Australian Business No. (“ABN”) 66 008 709 608] (“DEW”); and
(b) VEC Civil Engineering Pty Ltd [ABN 42 067 541 879] (“VEC”);
(collectively, “Downer”) for an enterprise value of AUD212 million (equivalent to RM636 million) (“EV”) (“Proposed DTP Acquisition”).
For details, please refer to the attachment below.
This annoucement is dated 22 February 2023.
Please refer attachment below.
Announcement Info
Company Name
GAMUDA BERHAD
Stock Name
GAMUDA
Date Announced
22 Feb 2023
Category
General Announcement for PLC
Reference Number
GA1-22022023-00039
Attachments
| Type | Announcement |
| Subject | OTHERS |
| Description |
PROPOSED ACQUISITION OF AUSTRALIAN TRANSPORT PROJECTS BUSINESS FROM DOWNER EDI WORKS PTY LTD AND VEC CIVIL ENGINEERING PTY LTD |
|
The Board of Directors of Gamuda Berhad [Co. Regn. No. 19760103632 (29579-T)] (“Gamuda” or “Company”) wishes to announce that its wholly owned foreign sub-subsidiary in Australia, DT Infrastructure Pty Ltd [Australian Company No. 665 782 730] (“DT Infrastructure”) has on 22 February 2023 executed an asset sale agreement (“Agreement”) to acquire the Australian transport projects business [herein referred as Downer Transport Projects (“DTP”)] from:
(a) Downer EDI Works Pty Ltd [Australian Business No. (“ABN”) 66 008 709 608] (“DEW”); and
(b) VEC Civil Engineering Pty Ltd [ABN 42 067 541 879] (“VEC”);
(collectively, “Downer”) for an enterprise value of AUD212 million (equivalent to RM636 million) (“EV”) (“Proposed DTP Acquisition”).
For details, please refer to the attachment below.
This annoucement is dated 22 February 2023. |
|
Please refer attachment below.
Announcement Info
| Company Name | GAMUDA BERHAD |
| Stock Name | GAMUDA |
| Date Announced | 22 Feb 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22022023-00039 |
Attachments