Contractor set to make 拢60m pre-tax profit from the sale
Contractor Interserve has sold off its minority stakes in 19 PFI schemes for a total of 拢89.5m to the Dalmore Capital Fund.
The contractor said it expects the sale to net it a one-off profit of 拢60m in 2012.
The portfolio of investments generated a pre-tax profit of 拢4.6m in 2011.
Adrian Ringrose, chief executive of Interserve, said: 鈥淚nterserve plays a key role in modernising public sector infrastructure and improving public services.
鈥淭he disposal announced today demonstrates our ability to generate returns which will support new investments to further our strategic growth plans, whilst retaining our commitment to the long term needs of our clients.鈥�
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