PFI stake sold to group of institutional investors

Atkins has cashed in £66.3m on the sale of its PFI stake in the M25.

The stock exchange-listed engineer told investors this morning that it has sold its minority stake in the motorway to Edge Orbital Holdings 2 Limited, a consortium of institutional investors.

Completion of the sale is subject to various third party consents, but is expected to complete before the end of Atkins’ current financial year to March next year.