29th Nov 2005 07:02
Atkins (WS) PLC29 November 2005 NEWS RELEASE 1312RS WS Atkins plc sells 25% stake in South Manchester Healthcare Atkins announces the disposal of its 25% shareholding in South ManchesterHealthcare (Holdings) Limited to Secondary Market Infrastructure Fund (SMIF) for£7.75 million. The disposal was completed on 23 November 2005 and will result ina profit of £5.7m. Keith Clarke, Chief Executive of Atkins, commented: "I am delighted that thesale of our 25% stake in South Manchester Healthcare has been successfullycompleted. This is in line with our stated strategy to recycle cash invested inPFI project companies at the appropriate time. We remain committed to investingin those PFI projects where we can lead with our core skills of planning,designing, enabling and project management." 29 November 2005ENQUIRIES: Robert MacLeod 01372 726140 NOTES TO EDITORS: 1 Atkins (www.atkinsglobal.com) plans, designs and enables the delivery ofcomplex infrastructure and buildings for clients in the public and privatesectors across the world. Atkins is the largest multi-disciplinary consultancyin Europe; the largest engineering consultancy in the UK; and the seventhlargest design firm in the world. 2 South Manchester Healthcare (Holdings) Limited is the Special Purpose Vehiclefor the Wythenshawe Hospital PFI Project. Ends This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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