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
