Spanish giant Ferrovial looking to sell Amey

By Will Ing2018-12-03T10:33:00

The Oxford-based contractor made a £190m loss last year

Spanish transport giant Ferrovial is looking to sell Amey as a problem highways contract with Birmingham council continues to hinder the contractor’s profits.

Ferrovial has appointed Goldman Sachs to investigate selling its global services business, which includes Oxford-based Amey.

Back in 2009 Amey scooped a £2.7bn PFI contract with Birmingham City Council to service a 2,500km road network.

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