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| Carillion to sell equity in PPP projects The UK's support services and construction company, Carillion plc, has agreed terms to sell its equity holdings in three fully operational Public Private Partnership projects to a secondary market fund, Land Securities Trillium. The sales are expected to generate cash proceeds of £21.5 million and an exceptional profit of a broadly equal amount. Following the equity sale, Carillion will have 22 financially closed projects in which it has invested, or has commitments to invest, a total of £171 million. The three projects in which Carillion is selling its equity holdings are the Great Western Hospital, Swindon, Harplands Hospital, North Staffordshire and Glasgow Southern General Hospital (Langlands). write your comments about the article :: © 2007 Construction News :: home page |