Disposal of PFI interest

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

 

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