UPDATE 1-Australia's Downer to sell freight rail arm to Caterpillar unit
November 21, 2017 at 01:50 AM EST
Nov 21 (Reuters) - Australia's Downer EDI said on Tuesday it plans to sell its freight rail business to Caterpillar Inc's Progress Rail unit for A$109 million ($82.18 million) as the engineering contractor reduces its dependence on the mining sector.
