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.

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 Winners of the PFM Awards 2018

Last night saw the the 25th anniversary of the PFM Partnership Awards, resulting in enthusiastic response throughout the evening and on a variety of social media platforms.Full Story...

Article image Finalists announced for the PFM Partnership Awards 2018

Official confirmation of this year’s list of finalists for the Partnership categories within the PFM Awards 2018 was announced on Friday on www.pfmawards.co.uk.Full Story...

Six experts reveal how to build a career in international FM

Why the Law Says You Need a Nappy Bin Disposal Service

Long-term, sustainable, FM service delivery

http://www.fsifm.comhttps://www.centricabusinesssolutions.com/performance?utm_source=PFM&utm_medium=Newsletter&utm_campaign=CHPhttps://www.daikinapplied.uk/service