Galliford Try launches £157.6m rights issue in wake of Carillion collapse
Listed regeneration company Galliford Try has launched a rights issue to raise about £157.6m as a direct result of the collapse of Carillion.
The Warrington company – one of the UK’s major housebuilding, regeneration and construction groups – has incurred between £30m and £40m of exceptional costs related to the Aberdeen Western Peripheral Route which it was working on with the liquidated company in a joint venture.
It’s half-year results to December announced a related £25m exceptional cost.
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