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BRIEF-Babcock confirms acquisition of MoD unit for 140 mln stg
December 17, 2014 / 7:07 AM / 3 years ago

BRIEF-Babcock confirms acquisition of MoD unit for 140 mln stg

Dec 17 (Reuters) - Babcock International Group Plc

* Acquisition

* Confirms it has entered into contracts with uk ministry of defence for acquisition of defence support group (dsg) and its associated service provision contract

* Will acquire dsg for a consideration of £140 million and estimates that service provision contract and output based services will be worth c £2 billion over ten years

* Expected acquisition will complete on 31 march 2015 and service provision contract will start on 1 april 2015 Source text for Eikon: Further company coverage: (London Equities Newsroom)

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