28 Jun 2013 07:19

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28 June 2013
Morgan Sindall Group plc
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Disposal of PFI interest
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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.
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The disposal will be included in operating results for the six months ending 30 June 2013.
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Notes to editors
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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.
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The Company will announce its half year results for the six months ending 30 June 2013, on 5 August 2013.
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Enquiries
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Morgan Sindall Group 020 7307 9200
John Morgan, Chief Executive
Steve Crummett, Finance Director
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Brunswick 0207 404 5959
Jonathan Glass
Nina Coad
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