Carillion sells equity in PPP

RNS Number : 3272Y

Carillion PLC

21 December 2010

 

21 December 2010

Carillion sells equity in Public Private Partnership project for £14.5 million

Carillion plc has sold a further five per cent of its equity investment in the Allenby Connaught project to Innisfree for a total cash consideration of £14.5 million.

This disposal is in line with Carillion's policy of recycling its equity investments in Public Private Partnership projects, which involves selling equity in mature projects, namely those that are well established in the operational phase, and reinvesting the proceeds in new projects.

Carillion sold 65 per cent of its 50 per cent interest in the Allenby Connaught project to Innisfree in December 2009.  As a result of this latest sale, Carillion has a 12.5 per cent equity interest in the project.

For further information contact:

John Denning, Director Group Corporate Affairs                 [phone]

Finsbury

James Murgatroyd or Gordon Simpson                            [phone]

Notes to editors

Carillion is one of the UK's leading support services companies with a substantial portfolio of Public Private Partnership projects and extensive construction capabilities.  The Group has annual revenue of over £5 billion, employs around 50,000 people and operates across the UK, in the Middle East, Canada and the Caribbean.

In the UK, Carillion's principal market sectors are Defence, Education, Health, Facilities Management & Services, Rail, Roads, Building, Civil Engineering and Utilities Services.

In the Middle East, Carillion's principal market sectors are Construction and Facilities Management. In Canada and the Caribbean, the Group's main sectors are Health, Roads Maintenance and Construction.

Carillion's portfolio of equity investments in Public Private Partnership projects includes projects in the UK and Canada, particularly in the Defence, Education, Health and Transport sectors.

This and other Carillion news releases can be found at www.carillionplc.com

 

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