| Carillion sells PPP projects to Land Securities |
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| Tuesday, 18 December 2007 | |
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Carillion has agreed to sell its equity holdings in three fully operational Public Private Partnership (PPP) projects to Land Securities Group’s Trillium arm for £21.5m. The transactions will also generate an exceptional profit of a broadly equal amount. The construction company, which earlier this month bought Alfred McAlpine for £572m is selling its equity holdings in the Great Western Hospital in Swindon, Harplands Hospital in North Staffordshire and Glasgow's Southern General Hospital. Following the equity sale, Carillion will have 22 financially closed projects in which it has committed a total of £171m.
It is thought the transactions will be completed by the end of December. |
