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Keep up to dateContractor says deal will contribute £16m to 2008 profit
Innisfree was Kier's investment partner on the project, which reached financial close in March 1998, and now holds 100% of the investment.
The deal will contribute about £16m to profit in the six months to 30 June 2008.
Kent council names consortium led by Kier as preferred bidder for its £500m school rebuilding programme
Phil White, a former National Express chief executive, has been appointed non-executive chairman of Kier, replacing Peter Warry who will step down at the end of this year.
Shares in Kier rose 3% on Monday after its chief executive told the City that first-quarter trading was in line with expectations and the firm was on track to achieve full-year targets.
Firm rejigs costs and commercial division
Restructuring specialist RSM expected to take over running of company set up in 1966
The policy has the potential to unlock land to build hundreds of thousands of new homes
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