Update on Middle East Light Rail Bids
13 November 2017
Serco Group plc
LEI: 549300PT2CIHYN5GWJ21
The tendering process for the Middle East rail opportunities is taking much longer than anticipated, and we have decided to stand down our bidding teams and redirect efforts elsewhere. Together, these bids represented an aggregate £2.5bn of the £7.9bn pipeline of larger new bid opportunities as disclosed at the time of reporting Serco's half year results, and, unless the situation were to change, these bids will no longer be part of the next pipeline update that will be reported within our full year results.
Ends
For further information please contact Serco:
Stuart Ford, Head of Investor Relations T +44 (0) 1256 386 227
Marcus De Ville, Head of Media Relations T +44 (0) 1256 386 226
About Serco
Serco is a leading provider of public services. Our customers are governments or others operating in the public sector. We gain scale, expertise and diversification by operating internationally across five sectors and four geographies: Defence, Justice & Immigration, Transport, Health and Citizen Services, delivered in UK & Europe, North America, Asia Pacific and the Middle East.
More information can be found at www.serco.com
Forward looking statements
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