March 16 (Reuters) - PERENTI GLOBAL LTD PRN.AX :
* SUSPENDED PARTICIPATION IN SALE PROCESS CONDUCTED BY DOWNER EDI LIMITED FOR ITS MINING SERVICES DIVISION
* SUSPENDED PARTICIPATION IN SALE PROCESS CONDUCTED BY DOWNER EDI LIMITED FOR ITS MINING SERVICES DIVISION
* SUSPENDED PARTICIPATION IN SALE PROCESS BY DOWNER EDI DUE TO CURRENT MARKET CONDITIONS
* CONTINUES TO BELIEVE POTENTIAL ACQUISITION HAS STRATEGIC MERIT
* CONSIDERS THAT STRUCTURING & FUNDING A DEAL IN CURRENT PERIOD OF MARKET UNCERTAINTY & VOLATILITY WOULD NOT BE IN BEST INTERESTS
* DO NOT RULE OUT RE-ENGAGING WITH DOWNER IF MARKET CONDITIONS IMPROVE
* PERENTI SUSPENDS EVALUATION OF DOWNER MINING