The investor which bought KPMG's UK restructuring arm is vying with Lord Hammond, the former chancellor, for control of Amey, one of the UK's biggest outsourcing groups
It was unclear on Thursday whether either of the two bidders, or an unidentified party, was the leading contender to buy Amey., two years after a previous attempt to sell it was abandoned.The Spanish infrastructure group, which owns a big chunk of London Heathrow Airport, has contemplated a sale of its entire global services business for some time, with Amey the subject of a standalone auction process.
The initial attempt to divest it was unsuccessful amid uncertainty about the future of a controversial £2.7bn roads contract in Birmingham. A dispute with the city's local authority was resolved in 2019, although Amey only finally extricated itself from the deal last year. The tidying-up of Amey's business is likely to provide prospective buyers with a clearer view about the company's valuation in a sector which has been rocked by several prominent corporate collapses in recent years, including that of Carillion.
Belgique Dernières Nouvelles, Belgique Actualités
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