Grant Fenn

Type: Person
Name: Grant Fenn
First reported 3 hours ago - Updated 38 mins ago - 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 - 38 mins ago]
First reported Oct 19 2014 - Updated 14 hours ago - 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 - 18 hours ago]
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]
First reported Sep 21 2014 - Updated Sep 21 2014 - 1 reports

Fenn pilots transformational change at Downer

Downer EDI CEO Grant Fenn has plans to transform the engineering firm. Over four years, he has turned around the loss-making company. However, the decline of the mining sector has reduced revenue. Fenn is considering overseas expansion or moving into ... [Published Individual.com - Sep 21 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

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All (17) | News (17) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Downer acquires Tenix [Published Mining Magazine - 38 mins ago]
Downer moves into electricity, gas, and water s... [Published Car and SUV - 3 hours ago]
Downer promises to jump-start Tenix [Published Individual.com - 18 hours ago]
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]
Fenn pilots transformational change at Downer [Published Individual.com - Sep 21 2014]
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