Kier eyes end-of-year deadline for housing sale to raise millions

摘要

Kier is privately hoping to wrap up the sale of its housing business by Christmas with at least three bids on the table to buy it, Building understands. The firm has not publicly said when it wants to complete the sale by but it is believed to be working to an end-of-year deadline. Analysts expect the disposal, announced in June, to raise between £100m and £150m - although broker Peel Hunt suggested it could fetch as much as £180m - with Kier last week saying in its annual results the sale was "progressing well".