Carillion continues sell-off with Ask stakes

Carillion has continued its sell-off with the disposal of its two-thirds stake in Ask Real Estate and 50% interest in Ask Carillion Developments. Dukehill has acquired these assets for £13.8m. Carillion bought its majority stake in Ask in January 2016 with the aim of creating a £500m pipeline of commercial property development activity across the Northern Powerhouse region. This deal closely follows the £50m sale of its healthcare facilities management business to rival firm Serco. Carillion has been thrown into crisis after issuing a large profit warning in July. The company is aiming to raise £300m through the sale of various assets by the end of 2018.

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