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Beleaguered Downer EDI finds A$500M lifeline

ONE of Australia's largest oil and gas construction and engineering giants Downer EDI has secured a $500 million lifeline after entering into a new syndicated facility with major banks.

paul hunt
Beleaguered Downer EDI finds A$500M lifeline

  It's survival of the fittest for contractors big and small in the oil and gas sector, as the double-tap of a low oil price and economic fallout over the COVID-19 pandemic continues to rattle the energy...

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