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Kier raises &hammer;9.2m from trafficking of figure PFI investmentsKier has retail its 50% interests in figure Covert Money management Lead projects, Oldham and Norwich Schools, to a roast speculation of HICL Structure Associates and Kajima Partnerships representing f9.2m.

The purchasers moment private 100% of these digit schools PFI projects.

Kier understood that the garage sale were in pencil-mark with its scheme of selectively realising the continuance of the open-mindedness in its PFI portfolio.

Kier stacked the schools and has likewise provided facilities manipulation services championing a few of age. Stalking the disposals, Kier disposition carry on to furnish the facilities services inferior to the contemporary contracts championing a more 21 existence in the occurrence of the Norwich schools, and 22 living in the instance of the Oldham schools.

Kier assembles a benefit of f4.3m on the mete out, to be included in its once a year results representing the twelvemonth termination 30 June 2011.

HICL and Kajima has and remunerative f8m to Dexia Faith Neighbourhood representing a 50% regard in the Metropolis Schools PFI Layout. The acquiring takes the numeral of fund investments in the organization's portfolio to 40.

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