4th Feb 2008 10:17
AMEC PLC04 February 2008 AMEC plc 4 February 2008 AMEC completes disposal of tool and equipment hire business AMEC plc, the international engineering and project management company,('AMEC'), announces that it has completed the sale of the tool and equipmenthire business and related fixed assets, including certain contracts, of AMECLogistics and Support Services Limited to Speedy Hire Plc for a cashconsideration of £12.5 million. Proceeds from the transaction will be held ondeposit. The disposal is the last in a programme to divest non-core specialistbusinesses, first announced by AMEC in December 2006. Enquiries to:AMEC plc: + 44 (0)20 7539 5800Sue Scholes, Director of CommunicationsNeil Jamieson, Director of Investor RelationsMedia:Frank Stokes, Media Relations Manager Notes to editorsAMEC plc is a focused supplier of high-value consultancy, engineering, andproject management services to the world's energy, power and processindustries. With annual revenues of over £2.2 billion, AMEC designs, deliversand maintains strategic and complex assets for its customers. AMEC's NaturalResources, Power and Process and Earth and Environmental businesses employapproximately 19,000 people in more than 25 countries globally. AMEC shares aretraded on the London Stock Exchange where the company is listed in the OilEquipment and Services sector (LSE: AMEC.L). Internet users will be able to view this announcement, together with otherinformation about AMEC plc, at the company's web site www.amec.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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