Monday, Carillion Plc (CLLN.L) said it 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 stated that it 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.
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