The $3.9 billion Downer EDI has boarded up the food truck and is reversing out of the business of hawking hotdogs and beers at sports stadiums and the like.
Street Talk can reveal Downer boss Peter Tompkins has agreed terms to offload the Spotless New Zealand catering business to the Signorelli family’s Doltone Hospitality Group, best known for its namesake Doltone House in Sydney’s Hyde Park and more recently, for redeveloping the food precinct at the 190-year-old Paddy’s Markets.
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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
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
