(Alliance News) - Infrastructure firm Costain Group PLC on Wednesday announced the sale of a Spanish business for EUR15.2 million.
Costain has disposed of Alcaidesa Ltd to real estate investor Millenium Hotels Real Estate I Socimi SA as part of a move to sell off non-core assets.
Alcaidesa owns and operates two golf courses, adjacent land, and a clubhouse in Cadiz, Costain said. It is still looking for a buyer for the 624-berth marina concession.
Costain shares were 1.4% lower on Wednesday morning at a price of 191.80 pence each.
Costain works in a number of industries, including rail, aviation, motorways, utilities, energy networks, the oil and gas sector, as well as in nuclear and defence.
By George Collard; georgecollard@alliancenews.com
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Costain (COST)