Disposal

RNS Number : 5821A

Carillion PLC

12 October 2009

 

Carillion agrees sale of its environmental consultancy business, Enviros.   

Carillion has entered into an agreement for the sale of its environmental consultancy business, Enviros, to engineering, sciences and project delivery firm, Sinclair Knight Merz, for a net cash consideration of some £27 million, subject to completion balance sheet adjustments.   

Carillion will use the sale proceeds to reduce net borrowing, in line with its objective of reducing this at the year end to below the half-year level of £146.0 million. 

A further announcement will be made when the sale has been completed.

For further information 

John Denning, Director Group Corporate Affairs ++44 (0)1902 316426 

Notes to editors 

Carillion is the UK's leading support services company 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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