QinetiQ Sells UK Fuel, Lubricants Business To Intertek
01 Agosto 2011 - 3:53AM
Dow Jones News
QinetiQ Group PLC (QQ.LN), which provides technical advice to
customers in the global aerospace, defense and security markets,
Monday announced that it has sold its U.K. fuel and lubricants
business based in Farnborough to Intertek Group PLC, a provider of
quality and safety solutions, for a total cash consideration of
GBP0.5 million.
MAIN FACTS:
-This disposal is in line with QinetiQ's stated intention to
focus on its core capabilities.
-Shares closed Friday at GBP1.13 valuing the company at
GBP746.34 million.
-By Jana Weigand, Dow Jones Newswires; 44-20-7842-9314;
jana.weigand@dowjones.com
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