Gamuda to acquire RM636mil Australian transport projects

KUALA LUMPUR: Gamuda Bhd’s wholly owned foreign sub-subsidiary in Australia, DT Infrastructure Pty Ltd has acquired the Australian transport projects business (Downer Transport Projects) for an enterprise value of A$212 million (RM636 million).

DT Infrastructure has executed an asset sale agreement with Downer EDI Works Pty Ltd and VEC Civil Engineering Pty Ltd (collectively Downer), Gamuda said in a filing with Bursa Malaysia today.