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Carillion sells off consultancy arm

Carillion, the construction and outsourcing group, is selling off its consultancy arm Enviros for around £27m as it seeks to pay off debt. Engineering company Sinclair Knight Merz is buying the unit from Carillion, which is valued at around £1.1bn. The sale will help Carillion beat its target of bringing net debt below the half-year level of £146m by the end of 2009.