12th Apr 2007 07:00
AMEC PLC12 April 2007 11 April 2007 AMEC announces the disposal of its precast concrete business AMEC plc, the international project management and services company, is pleasedto announce that it has today completed the sale of the business and assets,including certain contracts, of Buchan Concrete Solutions to the Roger BullivantGroup of Companies for an undisclosed amount. Based in Byley, Cheshire, Buchan Concrete Solutions employs approximately 170people and generated revenues of £29 million in the year ended 31 December 2006.Net assets as at 31 December 2006 were £10.6 million. Chief Executive Samir Brikho said: "I am very pleased that we have found a strong purchaser who wants to furtherdevelop and invest in another of AMEC's non-core businesses. "The successful disposal of these businesses is a key objective for 2007. Theprocess is going well and I look forward to providing the market with an updateon the overall disposal process on 16 May 2007, when AMEC provides a trading update for its annual general meeting." Ends Enquiries to:AMEC plc: + 44 (0)20 7634 0000 Analysts and investors:Neil Jamieson, Director of Investor Relations Media:Charles Reynolds, Head of Media Relations Notes to editors: AMEC plc is an international project management and services company thatdesigns, delivers and supports infrastructure assets for customers across thepublic and private sectors. AMEC employs more than 20,000 people working from anetwork of offices throughout the UK, US and Canada, as well as regional officesand projects worldwide. AMEC's shares are traded on the London Stock Exchangewhere the company is listed in the Support Services sector (LSE: AMEC.L). This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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