Morgan Sindall PLC
18 February 2002
MORGAN SINDALL PLC
('Morgan Sindall' or 'the Group')
Morgan Est signs major utility contract
The Board of Morgan Sindall is pleased to announce that its Infrastructure
Services division Morgan Est has, through its joint venture company HMB
Alliance, been awarded a contract for the construction of new water and
wastewater projects from United Utilities.
The three-year contract is one of three framework agreements awarded by United
Utilities and is potentially worth up to £250 million. The HMB Alliance will be
responsible for all the new capital investment works for the northern region
(Cumbria and the Ribble Valley).
This is the first major partnership agreement that has been signed since the
addition of utilities provider Pipeline Constructors to the Group's
Infrastructure Services division and highlights the Group's belief that Morgan
Est will become one of the leading providers in the expanding utilities sector.
John Morgan, Executive Chairman of Morgan Sindall, commented:
'We are delighted that we, and our joint venture partners, have been selected
for this important contract. With the utilities market progressing towards
further integrated outsourcing, we are confident that Morgan Est will be a major
provider in this area.'
Note:
HMB Alliance is the joint venture company of Morgan Est, Barhale Construction
plc and Harbour and General Works Limited.
18 February 2002
ENQUIRIES:
Morgan Sindall plc Tel: 020 7307 9200
John Morgan, Executive Chairman
John Bishop, Finance Director
College Hill Tel: 020 7457 2020
Kate Pope
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.