Last checked at 25 Nov 2013 07:00
24 November 2013
Babcock International Group PLC - Statement regarding Avincis
Following speculation in the press, Babcock International Group PLC confirms that it is in exclusive discussions regarding the establishment of a joint venture with respect to Avincis. Avincis is a leading provider of aviation services for mission-critical operations such as medical emergency, civil protection, search and rescue, coast and city surveillance, fire-fighting and energy support services. This initiative is in line with Babcock's stated strategy to grow from its position as the UK's leading engineering support services company in both the UK and overseas.
However, there can be no certainty that these discussions will lead to any transaction or any certainty as to the terms upon which any such transaction might proceed. A further announcement will be made if and when appropriate.
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For further information please contact:
Babcock International Group PLC
+44 (0) 20 7355 5300
Terri Wright, Head of Investor Relations
J.P. Morgan Cazenove (sole financial adviser and broker to Babcock)
+44 (0) 20 7777 2000
Andrew Truscott, Managing Director
Guy Marks, Executive Director
Christopher Dickinson, Executive Director
FTI Consulting (PR advisor to Babcock)
+44 (0) 20 7269 7291
Andrew Lorenz, Senior Managing Director - +44 (0) 77 7564 1807
Richard Mountain, Senior Managing Director - +44 (0) 79 0968 4466
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