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Downer to raise $400m to offset loss

The infrastructure giant expects to post a loss of more than $150m for its 2020 financial year.

Andrew Bevin Tue, 21 Jul 2020

Dual-listed infrastructure giant Downer EDI is raising $A400 million to strengthen its balance sheet as it expects to post a significant loss for its 2020 financial year.

The company told both the ASX and NZX it expected a loss in the range of $150m to $160m  for the year ended June 30,

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Andrew Bevin Tue, 21 Jul 2020
Contact the Writer: andrew@nbr.co.nz
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Downer to raise $400m to offset loss
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