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| Carillion sells Pall Mall Support services and construction company, Carillion plc, has sold Pall Mall Holdings and Sovereign Soft Services Limited to Resource (NI) Limited, a wholly owned subsidiary of the Resource Services Group. The consideration for the sale is £22 million. The sale is expected to generate a loss on disposal of approximately £7 million. Commenting, Carillion Chief Executive, John McDonough, said: "Pall Mall and Sovereign Soft Services, which we acquired with Mowlem in 2006, are non-core businesses for Carillion and their disposal is in line with our strategy for growing the Group's support services business through focusing on integrated service solutions for long-term customers, rather than on the single-commodity services of cleaning and security provided by these two companies". write your comments about the article :: © 2007 Construction News :: home page |