14th Sep 2007 12:10
AMEC PLC14 September 2007 Divestment of Building and Facilities Services business AMEC plc today announces that the sale of its Building and Facilities Servicesbusiness ("BFS") to SPIE SA ("SPIE") has been completed, following theconclusion of the employee consultation process. As announced on 3 August 2007, SPIE has paid a cash consideration of £117million for BFS. For the year ended 31 December 2006, BFS had approximately 2,300 employees andgenerated revenues of £333 million and profit before interest, tax andintangible amortisation and exceptional items of £10 million. Gross assets asat 31 December 2006 were £56 million. Enquiries to: AMEC plc +44 (0)20 7539 5800 Samir Briko, Chief ExecutiveStuart Siddall, Finance DirectorSue Scholes, Director of CommunicationsNeil Jamieson, Director of Investor Relations Media: Frank Stokes, Media Relations Manager +44 (0) 7712 008356 Notes to editors About AMEC AMEC plc is a focused supplier of high-value consultancy, engineering, andproject management services to the world's energy, power and process industries.With annual revenues of over £2.2 billion, AMEC designs, delivers andmaintains strategic and complex assets for its customers. AMEC's NaturalResources, Power and Process and Earth and Environmental businesses employapproximately 18,000 people in more than 25 countries globally. AMEC shares aretraded on the London Stock Exchange where the company is listed in the SupportServices 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 N M Rothschild & Sons Limited ('Rothschild') and UBS Limited ('UBS') are actingas financial advisers to AMEC in relation to the transaction. Rothschild and UBS are acting exclusively for AMEC and are not acting for anyother person in relation to the transaction and will not be responsible to anyperson other than AMEC for providing the protections afforded to clients ofRothschild and UBS or for providing advice in relation to the contents of thisannouncement or the transaction. About SPIE As a specialist in electrical, mechanical and HVAC engineering, energy,communications and infrastructure, SPIE supports and brings innovative solutionsto local authorities and businesses to design, build, operate and maintain theirfacilities. SPIE's 23,000 employees work from nearly 400 locations in 28 countries providingadvanced technical services and solutions to meet the current and futurechallenges of both local and international customers. In 2006, SPIE generated turnover of Euro2.7 billion and earnings before interestand tax of Euro87.7 million. For further information on SPIE visit : www.spie.com ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AMFW.L