The London-listed company announced that it would sell Frazer-Nash Consultancy to KBR, an American engineering giant.The move marks the end of a 14-year partnership between Babcock and the consulting company that emerged from the old-timer manufacturer Frazer-Nash.Register to our daily newsletterThe i-newsletter cut through the noiseDuring this time, the consulting company has grown and currently
Defense and engineering giant Babcock International Group Plc has sold a marine consultancy firm with offices in Plymouth for £ 293 million while it works on a “turnaround” plan to deal with financial losses. The company, which operates the shipyards in Devonport, Plymouth, and Rosyth, Scotland, is selling Frazer-Nash Consultancy to KBR, an American engineering
Defense giant Babcock announced today that it will sell engineering subsidiary Frazer-Nash Consultancy to other infrastructure provider KBR for £ 293 million. The sale marks the first step in a plan to scrap £ 400 million contracts over the next 12 months to repair the FTSE 100 company’s battered balance sheet. The shares of the
