Carillion has sold equity stakes in two PPP projects to investment group Innisfree for 拢86.9m and said it expects to be in a net cash position by the end of the year

The contractor said it had disposed of 65% of its investment in the Allenby Connaught military accommodation scheme and 50% of its interest in GCHQ鈥檚 New Accommodation Project in Cheltenham. It said: 鈥淔ollowing the receipt of these proceeds the group now expects to move to a net cash position by 31 December 2009.鈥�

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