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20th April 2021
The sale of Kier's housing division, Kier Living, has been agreed at a value of £110 million. The sale to the newly formed company Foster BidCo is conditional on Kier shareholders’ approval at their General Meeting scheduled for early next month.
Foster BidCo have paid a £40 million deposit, which is largely non-refundable and will be held in escrow until the transaction completes reported Construction News last Friday.
What does £110 million buy Foster BidCo?
Analysis of Glenigan construction project data identifies the following total project value of large projects that Kier Living are involved with and where they are in the building lifecycle:
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