Carillion sells environmental business

Carillion , one of the UK's leading support services and construction companies, has entered into an agreement for the sale of its environmental consultancy business, Enviros, to engineering, sciences and project delivery firm, Sinclair Knight Merz, for a net cash consideration of some £27 million, subject to completion balance sheet adjustments.

Carillion will use the sale proceeds to reduce net borrowing, in line with its objective of reducing this at the year end to below the half-year level of £146.0 million.

A further announcement will be made when the sale has been completed.