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Carillion businesses sold as markets adjust to company collapse

12 February 2018

J Murphy & Sons has purchased the UK power division of failed FM and construction company Carillion for an undisclosed sum.

This was the latest in the series of developments since the failure of the Carillion business was announced last month.

Previous announcements have included more support for the company's thousands of supply chain partners, the majority of which are expected to lose considerable sums of money.

The company's former FM contracts are also continuing to be reassigned and a buyer has also been found for its Canadian division.

However, it has been predicted that the failure of Carillion will affect both its former employees, in the form of redundancies and loss of pension contributions, and also companies and individuals within its extensive supply chain.

Following the Murphy takeover of its power division, the new owner will oversee activities within the National Grid, including overhead electricity cables, substations and underground framework contracts.

This will include the planned replacement and refurbishment works included on the National Grid's 33kV to 44kW transmission network in England and Wales.

It was additionally announced last week that the former Canadian division of Carillion had been sold to Fairfax Financial Holdings.

Details of the sale were not revealed, but the deal is said to include the former Carillion operations of airport management, commercial and retail properties and healthcare management within Canada.

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