Sale of housing arm clears way for Kier to pump £350m into business next month

By Dave Rogers2021-05-28T15:09:00

Proceeds of deal and equity raise set to reduce contractor’s £436m debt pile

Kier has completed the sale of its housing business paving the way for its £241m equity raise to be formally rubber-stamped next month.

Earlier this month, the firm said it had finalised the equity raise less than nine hours after announcing it with the raise dependent on Kier formally completing the £110m deal to sell its Kier Living housing arm to a private equity firm run by financier Guy Hands.

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