Amec also sold The Hyatt Regency Hotel in the Grand Cayman Islands to Embassy Investments for £22.5m. The cash from both sales will be used to reduce bank debt.
Mowlem sold its 40% equity stake in the City Greenwich Lewisham Rail Link, which operates part of the Docklands Light Railway in south-east London, for £19.45m. Mowlem chief executive Sir John Gains said that the cash will be reinvested in the PFI projects for which the firm has been named preferred bidder.
Cement specialist RMC has sold 108.4m shares in subsidiary Adelaide Brighton Limited, reducing its stake in the group from 34.9% to 14.9%. The sale raises £64m, which RMC will use to reduce debt.