Grant Fenn

Type: Person
Name: Grant Fenn
First reported 6 hours ago - Updated 6 hours ago - 1 reports

Downer buys Tenix for $300m

Engineering and infrastructure firm Downer EDI has bought major project delivery specialist Tenix from Sydney’s Salteri family for $300m.Tenix provides design, construction, fabrication, installation, operation and maintenance services for a number of ... [Published Australian Journal of Mining - 6 hours ago]
First reported Oct 21 2014 - Updated Oct 21 2014 - 2 reports

Downer acquires Tenix

Downer EDI has signed an agreement to acquire all of the shares in Tenix Holdings Australia for A$300 million (US$264 million) on a cash and debt free basis.Tenix provides engineering, construction, fabrication, project management and maintenance services ... [Published Mining Magazine - Oct 21 2014]
First reported Oct 19 2014 - Updated Oct 20 2014 - 12 reports

Downer promises to jump-start Tenix

The Salteri family is divesting its entire holding in engineering and infrastructure services firm Tenix to the listed Downer EDI, for $A300m. The acquirer's CEO, Grant Fenn, says it will expand the Tenix business to cash in on power sector assets privatisation ... [Published Individual.com - Oct 20 2014]
First reported Oct 20 2014 - Updated Oct 20 2014 - 1 reports

Markets Live: Transfield soars on bid

The document, which was lodged with the corporate regulator this morning, showed that the shares would be priced between $1.55 and $2.00.The indicative share price range suggests a market capitalisation of between $4.3 billion and $5.5 billion, which ... [Published Brisbane Times - Oct 20 2014]

Quotes

"We needed to do something instead of just bring people in," Mr Fenn said. "there is very little overlap in this business, and that is important. this is a growth purchase."
"we have said consistently that we are interested in opportunities that are strategic, grow our capability and the right price" Downer chief executive Grant Fenn said

More Content

All (17) | News (17) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
Downer buys Tenix for $300m [Published Australian Journal of Mining - 6 hours ago]
Downer acquires Tenix [Published Mining Magazine - Oct 21 2014]
Downer moves into electricity, gas, and water s... [Published Car and SUV - Oct 21 2014]
Downer promises to jump-start Tenix [Published Individual.com - Oct 20 2014]
Downer eyes work from power privatisations foll... [Published Brisbane Times - Oct 20 2014]
Tenix sold to Downer for $300 million [Published Sustainability Matters - Oct 20 2014]
Markets Live: Recovery in full swing [Published WA Today - Oct 20 2014]
Downer buys utilities business Tenix [Published Auto.ru.msn.com - Oct 20 2014]
Downer nabs Tenix for $300 m [Published Ferret.com.au - Oct 20 2014]
Markets Live: Transfield soars on bid [Published Brisbane Times - Oct 20 2014]
Downer EDI buys Salteri family's Tenix business... [Published Melbourne Age - Oct 20 2014]
Downer buys Tenix utilities business for A$300 mln [Published Sharechat.co.nz - Oct 20 2014]
Downer EDI buys Tenix $300m [Published Canberra Times - Oct 19 2014]
Downer offers Tenix a $300m buy out agreement [Published Newstalk ZB - Oct 19 2014]
Downer buys Tenix utilities business for A$300 mln [Published Scoop - Oct 19 2014]
Downer EDI : acquires Tenix for $300 million [Published 4 Traders - Oct 19 2014]
Downer EDI buys Tenix for $300m [Published Business Spectator - Oct 19 2014]
1
Content Volume
Document Volume
Network
Network
Contact Us
Sales
Support


Freebase CC-BY Some image thumbnails are sourced from Freebase, licensed under CC-BY

Copyright (C) 2014 Silobreaker Ltd. All rights reserved.
The selection and placement of stories and images on any Silobreaker page are determined automatically by a computer program.
The time or date displayed reflects when an article was added to or updated in Silobreaker.