# Downer EDI sells stake in RTL Mining and Earthworks

Downer EDI Ltd hived off part of its mining services business, selling a stake in RTL Mining and Earthworks, a heavy equipment hire company in Victoria.

- Type: Acquisition
- Announced: 2020-10-07
- Where: south-east Victoria, Australia
- Status: completed
- Products: heavy equipment hire services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Downer EDI](https://endata.com/companies/23945.md)
- [RTL Mining and Earthworks](https://endata.com/companies/50402.md) (target)

## Sources

- [afr.com](https://www.afr.com/street-talk/downer-chips-off-rtl-mining-and-earthworks-stake-20201007-p562os), 2020-10-07: "ASX-listed Downer EDI Ltd has hived off another part of its sizeable mining services business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.