Morgan Sindall Group PLC Disposal of PFI interest (1007I)
June 28 2013 - 2:19AM
UK Regulatory
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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 GBP8.4m, which
is 38% in excess of the Directors' valuation, resulting in a net
profit of GBP4.4m.
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 GBP2 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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