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Disposal of PFI interest

28 Jun 2013 07:19

RNS Number : 1007I
Morgan Sindall Group PLC
28 June 2013
 



 

 

 

28 June 2013

Morgan Sindall Group plc

 

Disposal of PFI interest

 

 

 

On 27 June, in line with its strategy of recycling investments, Morgan Sindall Group plc sold its interest in the Miles Platting PFI social housing scheme for a net consideration of £8.4m, which is 38% in excess of the Directors' valuation, resulting in a net profit of £4.4m.

 

The disposal will be included in operating results for the six months ending 30 June 2013.

 

 

 

 

Notes to editors

 

Morgan Sindall Group plc is a leading UK construction and regeneration group with a turnover of £2 billion, employing around 6,400 employees and operating in the public and commercial sectors. It operates through five divisions of construction and infrastructure, fit out, affordable housing, urban regeneration and investments.

 

The Company will announce its half year results for the six months ending 30 June 2013, on 5 August 2013.

 

 

Enquiries

 

Morgan Sindall Group 020 7307 9200

John Morgan, Chief Executive

Steve Crummett, Finance Director

 

Brunswick 0207 404 5959

Jonathan Glass

Nina Coad

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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