Downer EDI Limited has entered into an agreement to sell its blasting services business (Downer Blasting Services) to Enaex S.A. The sale price represents an enterprise value of US$ 62 million.

Enaex S.A. is a subsidiary of the Chilean company Sigdo Koppers Group. Completion of the transaction, which is subject to regulatory approvals and other customary conditions, is expected to occur before the end of March 2021.

Downer is the leading provider of integrated services in Australia and New Zealand. It exists to create and sustain the modern environment and its promise is to work closely with its customers to help them succeed, using world-leading insights and solutions to design, build and sustain assets, infrastructure, and facilities.