Sweett makes further disposal

19 September 2012 Sweett Group has continued its policy of divesting its stakes in private finance deals, selling its share in the Plymouth Lift company.
It has sold its 19% holding in the company to investor Equitix for £700,000.

The firm said the sale is part of its strategy “to capitalise on the value of its existing PFI investment portfolio in order to reinvest in the further development of its core business operations”.

The group has pledged to stop investing equity in future PFI and PPP deals, as it refocuses its operations on its core businesses, including consultancy work for private finance projects.

In July, Sweett Group sold its stake in the Inverclyde Schools PFI project, also to Equitix, and remains determined to sell off its Dumfries and Galloway PFI deal despite a proposed sale falling through.

This page was last updated on:
28 October 2014.

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