Mouchel has agreed to sell Mouchel Rail, which provides multi-disciplinary design, consultancy and project management services to the UK rail industry, to Sinclair Knight Merz. It is expected to be the first of a number of non core asset sales aimed at reducing debt.
SKM will pay £3.4 m in cash to Mouchel, and Mouchel will retain net realisable assets (principally debtors and work-in-progress) of a further £2.5m. SKM will assist Mouchel in the collection of Mouchel Rail's trade...
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