Serco cuts £20m from Carillion health FM deal

Grant Prior 4 years ago
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Serco has struck a revised deal to buy Carillion’s healthcare facilities management business saving the company £20m.

Carillion agreed a £50m sale to Serco in December when it was offloading assets in a desperate bid to survive.

But Serco bosses have been renegotiating with liquidators since Carillion’s collapse last month and will now be paying £29.7m for the business.

Serco said: “The agreement covers substantially all of the assets that were the subject of the previous agreement.

“The change in consideration reflects Serco’s re-evaluation of potential liabilities, indemnities, warranties and the additional working capital investment required as a result of Carillion’s liquidation.”

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