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Perenti sells BTP Group for A$100 million to refocus capital
8:03am on Friday 21st of August, 2026 AEST
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Mining Services
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Perenti sells BTP Group for A$100 million to refocus capital
8:03am on Friday 21st of August, 2026 AEST
Key Points
Sale of BTP Group for A$100 million with A$80 million upfront
Non-cash loss of approximately A$64 million to hit FY26 accounts
Deferred payment of A$20 million due 12 months post-completion
Buyer led by Cratus Group with funding from major Australian bank
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