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Disposal of Investment

26th Jul 2012 07:00

RNS Number : 5543I
Sweett Group PLC
26 July 2012
 



 



26 July 2012

Sweett Group plc

("Sweett Group" or "the Group")

 

Disposal of Investment

 

Further to the announcement of 19 July 2012, Sweett Group, the international property and infrastructure consultancy is pleased to confirm that the sale of the Group's interest in the Inverclyde Schools PFI Project to Equitix Limited, the specialist infrastructure manager, has now completed. The associated profit before tax is approximately £850,000 and this will be attributed to the results for the year ended 31 March 2013.

- Ends -

For further information:

Sweett Group plc Dean Webster, Chief Executive Officer +44 20 7061 9000Chris Goscomb, Chief Financial Officer +44 20 7061 9000Theo Kjellberg, Group Communications Manager +44 20 7061 9102

 

Westhouse SecuritiesTom Price, Paul Gillam +44 20 7601 6100

FTI ConsultingBilly Clegg, Oliver Winters, Latika Shah +44 20 7831 3113

 

About Sweett Group

Sweett Group plc is a global business with expertise in property and infrastructure professional services. Our services include programme and project management, cost management, advisory and PPP/PFI investment.

We aim to forge long term, successful relationships with all stakeholders in the property and infrastructure industry. "Global knowhow, local delivery" is the essence of our business and our reach enables us to put global best practice to use in the local markets we serve.

www.sweettgroup.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLIFFEDSIRFIF

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