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Downer EDI gets ready to reboot mineral processing division auction

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Downer EDI boss Peter Tompkins’ turnaround of the $3.16 billion company has had some early wins. Shares are up 37.6 per cent over the past year, first-half results managed to beat consensus, and it’s fighting long-time auditor KPMG in the courts to shake off reputational damage from accounting irregularities.

Downer chief executive Peter Tompkins. Louise Kennerley

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/downer-edi-gets-ready-to-reboot-mineral-processing-division-auction-20240320-p5fdzw