Support services and construction company Carillion has announced it has completed its sale of Charter, a
Balfour Beatty paid £13.7 million in cash for the acquisition, including repayment of a £3.6 million debt owed by the Carillion Group to Charter.
Carillion said Charter, formerly part of Mowlem, which Carillion acquired in February 2006, is a non-core business that does not fit Carillion’s strategy for growth.
In 2004, Charter had sales of £95 million and profit before tax of £2.2 million. Its gross assets at 31 December 2004 were £22.3 million.
Carillion said it will use the proceeds from the sale to reduce its debt.
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Note to Evil Villain/Dave 2020. Thatcher was PM for _11_ years, from 1979 to 1990 so no one under the age of 34 was even born when she left office....