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

https://www.fsifm.com
https://cleaningshow.co.uk/london


MOST VIEWED...

View more articles
Article image

Revolutionary new sprayer instantly turns salty water into powerful disinfectant

A unique handheld sprayer has been launched which turns mildly salty tap water into a powerful disinfectant which kills 99.9% of germs, bacteria and viruse...
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...
Article image

Chris Jarvis appointed as MD for JR&Co

Julius Rutherfoord & Co (JR&Co) are delighted to announce the appointment of Chris Jarvis to the role of Managing Director....
Article image

Center Parcs goes cashless with Systopia

Systopia, which deals with cashless payment systems, has secured a contract with UK Short Break Operator Center Parcs to provide cashless payment systems i...
Article image

Meeting the needs of the post-pandemic working environment

Changes driven by the impact of the Covid-19 pandemic is requiring software developers to update their offerings to meet the demands in the changing workpl...
Article image

MRI’s acquisition of FSI paves way for greater FM efficiencies and improved service delivery

PFM speaks to Dermot Briody about the recent acquisition of FSI by MRI Software to determine how this will see bot...
https://www.uhubglobal.com/
http://edition.pagesuite-professional.co.uk/Launch.aspx?PBID=78915b1c-0f11-4b5e-9468-ba601ad89761