Skanska U-turn over Cementation sale

By Dave Rogers2019-07-31T12:18:00

Firm spent 14 months trying to find a buyer

Skanska has pulled the plug on its plan to sell its Cementation piling arm after admitting defeat in a 14-month search to find a buyer who was prepared to pay the asking price.

The firm had been hoping to get north of £50m for a business that last year had revenues of £62m and a pre-tax profit of £12.5m.

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