Completion of acquisition of NSM joint venture
Source: RNS
Babcock completes acquisition of 50% of its Australian naval sustainment joint venture
14 March 2022
Further to the announcement on 15 February 2022, Babcock International Group PLC ("Babcock" or "the Group") today announced that it has completed the acquisition of the remaining 50% interest in its Australian Naval Ship Management (NSM) joint venture from UGL Infrastructure (UGL).
The acquisition will allow Babcock Australasia, one of the Group's focus countries, to further strengthen the breadth of its support to the Australian Defence Force's maritime capability and to provide additional capability for Australia's current and future maritime programmes.
Ends
|
For further information: |
|
|
Andrew Gollan, Director of Investor Relations |
+44 (0)7936 039004 |
|
Kate Hill, Group Director of Communications |
+44 (0)20 7355 5312 |
|
|
|
|
Tulchan Communications |
|
|
Olivia Peters / Harry Cameron |
+44 (0)20 7353 4200 |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
