Developer bought as Carillion sell-off continues
Troubled construction group Carillion has agreed to sell its two-thirds stake in Northern commercial property developer Ask.
Carillion is looking to shed its non-core interests after an accounting black hole resulted in its share price crashing by 75% in July. Today's deal follows the £50m disposal of part of its UK healthcare operation last week.
It has sold its 66.6% stake in Ask Real Estate and its 50% interest in Ask Carillion Developments to Dukehill for £13.8m. The deal also wraps up a shareholder loan made by Carillion ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
