Downer EDI Limited has announced it is conducting a review, including the possible divestment, of its general consultancy practices – CPG Asia, CPG Australia and CPG New Zealand – as part of an overhaul of the Downer Group portfolio.

 

The Chief Executive Officer of Downer, Grant Fenn, said that earlier this year Downer had consolidated its Australian Engineering, Works, Emerging Sectors and CPG Resources businesses (including QCC and Mineral Technologies) into one division, Downer Australia.

 

“The review of CPG Asia, CPG Australia and CPG New Zealand is part of our ongoing drive to focus and streamline the business,” Mr Fenn said.

 

“CPG Asia, CPG Australia and CPG New Zealand are valuable consultancies with expertise in a number of important sectors and geographies. We have been approached by parties interested in acquiring these businesses and, because these firms operate relatively independently of the other divisions, we have decided to consider the divestment option.”

 

Mr Fenn said this review did not include the resource-focused consultancy businesses, Snowden, QCC and Mineral Technologies.