About 6000 Spotless staff, mostly casuals who worked for the group’s hospitality businesses which includes catering at the Melbourne Cricket Ground were stood down when the pandemic closed venues.
Grant Fenn was paid $3 million in fiscal 2020, down from $4.7 million a year earlier. Louise Kennerley
Downer will proceed to buying out the remainder of Spotless it does not own after entering a call option deed with New York hedge fund Coltrane Asset Management.
Downer will use an option over 2.99 per cent of Spotless shares to lift its ownership of the group to more than 90 per cent and compulsorily buy the remaining shares.
The outcome of the offer should be known by the end of 2020, Downer said. The company has lodged its takeover …
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