Chanticleer
Taxpayers at heart of Downer’s COVID-19 reset
Grant Fenn wants investors to give him $400 million to fund his plan to make Downer a small business largely focused on government contracts.
Updated
It’s a very COVID capital raising.
Downer chief executive Grant Fenn’s plan to raise $400 million has at its heart a clear message that the pandemic has turned the hairline fractures in the group’s business model into cracks that can no longer be ignored.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
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