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Carillion to sell Enviros for £27m

Carillion has sold off its environmental consultancy business Enviros to Sinclair Knight Merz for £27 million.

The company, which is using the sale to reduce its debt pile, said the agreement with the sciences and project delivery firm was subject to completion balance sheet adjustments.   

It said: “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 million.”

The group said a further announcement would be made when the sale had been completed.