Deal Snapshot: British Shanks Takes Gbp28m for 50% in Avondale

Summary


MANAVIGATOR-May 15, 2009-Deal snapshot: BRITISH SHANKS TAKES GBP28M FOR 50% IN AVONDALE (C)2010 M2 COMMUNICATIONS http:// www.m2.com

British waste management group Shanks Group (LON:SKS) has disposed of its 50% stake in Avondale Environmental for GBP27.5m (USD42m/EUR31m) in cash in a move to cut its debt.

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Deal Snapshot: British Shanks Takes Gbp28m for 50% in Avondale

Country: UK;

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