8th May 2012 07:00
Atkins completes sale of PFI investment
WS Atkins plc ("Atkins" or "the Group"), the design and engineering consultancy group, today announces it has completed the sale of its minority interest in RMPA Holdings Limited (which delivered the Colchester Garrison PFI project). This follows the disposal of its asset management business to Sodexo on 1 December 2011. The sale is to subsidiary undertakings of HICL Infrastructure Company Ltd, the ultimate parent company of an existing shareholder, for a net consideration of £14.4 million, comprising a gross consideration of £15.0 million less £0.6m in respect of amounts previously received under loan notes. The Group's investment will be reported as an asset held for sale at 31 March 2012.
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Heath Drewett Group finance director
| +44 (0) 20 7121 2000 |
Kate Moy Investor relations director
| +44 (0) 20 7121 2000 |
Sara Lipscombe Group communications director | +44 (0) 1372 726140 |
Notes to editors
Atkins (www.atkinsglobal.com) is one of the world's leading engineering and design consultancies*, employing some 17,700 people across the UK, North America, Middle East, Asia Pacific and Europe. It has the breadth and depth of expertise to plan, design and enable some of the world's most technically challenging and time critical infrastructure projects.
*It is the largest engineering consultancy in the UK (New Civil Engineer Consultants File 2012) and the 13th largest global design firm (Engineering News-Record 2011).
Atkins is the official engineering design services provider for the London 2012 Olympic and Paralympic Games.
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