10th Jan 2005 07:15
Kier Group PLC10 January 2005 10 January 2005 KIER SELLS A PFI EQUITY INVESTMENT Kier Group plc has sold its 25.5% equity and loan stock interests in the NeathPort Talbot Hospital concession to Secondary Market Infrastructure Fund UK LP.Kier has received a cash consideration of £5.0m representing over twice thevalue of the original investment in the project. Kier Support Services will continue to provide non-clinical facilitiesmanagement services at the Hospital where it has a 30 year contract whichcommenced in 2002. Commenting, Kier Chief Executive, John Dodds said: "This sale demonstrates thevalue of our PFI portfolio to shareholders which, after disposals, stands at acommitted book value of £16m. "We remain committed to providing facilities management services to the NeathPort Talbot Hospital and to continuing our long term relationship with the BroMorgannwg NHS Trust". - ENDS - For further information, please contact: John Dodds, Chief ExecutiveKier Group plc Tel: 01767 640111 Caroline SturdyMadano Partnership Tel: 020 7378 7033 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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