Serco saves £18m on Carillion FM deal

Serco has lopped £18m off the amount it was expecting to pay for Carillion’s healthcare FM business after agreeing a revised deal with liquidators.

The firm had agreed to pay £47.7m for the business back in December but the firm said this had now been revised down to £29.7m after Carillion went bust last month.

In a statement, Serco said: “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.”