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| Carillion to sell equity in PPP projects Support services and construction company, Carillion plc, has agreed terms to sell its equity holdings in eight fully operational Public Private Partnership projects to two secondary market funds. The sales are expected to generate cash proceeds of £46 million and an exceptional profit of £22 million. The value attributed to the equity being sold implies a net present value calculated using an average discount rate of less than five per cent. Subject to satisfying certain conditions attendant on these sales, the transactions are expected to be completed by the end of September. write your comments about the article :: © 2006 Construction News :: home page |