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Siteserv Plc Conditionally Agrees For Disposal Of Its Siteserv Business

3/16/2012 4:18 AM ET

Siteserv Plc (SSV.L) Friday announced that it has conditionally agreed to the proposed disposal of Siteserv's infrastructure, utilities support services and access and formwork businesses carried on in Ireland and the United Kingdom to Millington.

The company stated that Milington is a special purpose acquisition vehivle controlled by Denis O'Brien.

Siteserv further noted that it has provisionally agreed for a sale consideration of approximately 45.42 million Euros, payable in cash.

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by RTT Staff Writer

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