and corporate finance house as part of its deliberations over the
future of Morrison, the construction firm it bought for £263 million
five years ago.
The deal has been mired in controversy ever since, resulting in a
High Court case alleging 'misrepresentation' of Morrison plc's
accounts in the run-up to the purchase. The matter is due to be heard
in London early next year.
AWG today declined to comment on the appointment of advisers but
said it had been looking at the medium to long term options for the
The report in the Sunday Times said Dresdner Kleinwort Wasserstein
and Close Brothers had been appointed to handle a sale of the
business, which specialises in utilities, social housing, urban
regeneration, health and transport.
AWG recently flagged up an improved performance from Morrison, with
half-year turnover up to £435.5 million from £418.6 million,
generating operating profits of £14.5 million, compared with £1.3
million a year earlier.