This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

http://www.cafmexplorer.com/?utm_source=pfm-site&utm_medium=468x60banner&utm_campaign=2018_messaging

Carillion sells three PPPs to LS Trillium

18 December 2007

Carillion plc, has agreed terms to sell its equity holdings in three fully operational Public Private Partnership
projects to a secondary market fund, Land Securities Trillium.

The sales are expected to generate cash proceeds of £21.5 million and an exceptional profit of a broadly equal amount. Following the equity sale, Carillion will have 22 financially closed projects in
which it has invested, or has commitments to invest, a total of £171 million. Carillion also has a strong pipeline of preferred bidder and shortlisted projects, which together have a potential equity requirement of up to £93million, in addition to the £171 million already invested in, or committed to, financially closed projects. Beyond that there are continuing opportunities for Carillion to grow its PPP investment portfolio in the UK and Canada, which have major PPP programmes in Carillion's key market sectors.

Subject to satisfying certain conditions attendant on these sales, the transactions are expected to be completed by the end of December. The three projects in which Carillion is selling its equity holdings are the Great Western Hospital, Swindon, Harplands Hospital, North Staffordshire and Glasgow Southern General Hospital (Langlands). Details of these projects can be found on Carillion's website at www.carillionplc.com/privatefinance


Print this page | E-mail this page

MOST VIEWED...


Article image Manchester Cleaning Show To Focus On Future Of Cleaning And Wider FM Issues

The full programme for the second Manchester Cleaning Show, the northern edition of The Cleaning Show which now alternates annually with Excel in London, has been announced.Full Story...

Article image Calls to show the better side of the FM sector increase after Carillion failure

There is a need to emphasise that there is a better side to the FM industry than the image emerging in the wake of the Carillion failure.Full Story...

Pest control warning from industry body

Increasing issues relating to refrigerants following F Gas regulation impact

WCRS hosts series of free informative webinars

http://www.fsifm.comhttps://www.wcrsltd.co.uk/customers.phphttps://www.cleaningshow.co.uk/manchester