Galliford Try launches £158m 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 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 (AWPR) which it was working on with the liquidated company in a joint venture. Its half-year results to December announced a related £25m exceptional cost. The terms of the group's joi... 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...
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