Business
Statement regarding Avincis
Statement regarding Avincis.
About this update from Babcock International Group Plc
[{"type":"text","content":"\n \nRNS Number : 7912T Babcock International Group PLC 25 November 2013 \n \n\n24 November 2013\n \nBabcock International Group PLC - Statement regarding Avincis\n \nFollowing speculation in the press, Babcock International Group PLC confirms that it is in exclusive discussions regarding the establishment of a joint venture with respect to Avincis. Avincis is a leading provider of aviation services for mission-critical operations such as medical emergency, civil protection, search and rescue, coast and city surveillance, fire-fighting and energy support services. This initiative is in line with Babcock's stated strategy to grow from its position as the UK's leading engineering support services company in both the UK and overseas.\n \nHowever, there can be no certainty that these discussions will lead to any transaction or any certainty as to the terms upon which any such transaction might proceed. A further announcement will be made if and when appropriate.\n \n-Ends-\n \nFor further information please contact:\n \nBabcock International Group PLC\n+44 (0) 20 7355 5300\nTerri Wright, Head of Investor Relations\n \nJ.P. Morgan Cazenove (sole financial adviser and broker to Babcock)\n+44 (0) 20 7777 2000\nAndrew Truscott, Managing Director\nGuy Marks, Executive Director\nChristopher Dickinson, Executive Director\n \nFTI Consulting (PR advisor to Babcock)\n+44 (0) 20 7269 7291\nAndrew Lorenz, Senior Managing Director - +44 (0) 77 7564 1807 \nRichard Mountain, Senior Managing Director - +44 (0) 79 0968 4466\n \nNot for release, issue or distribution, directly or indirectly, in whole or in part, in or into any jurisdiction where it would be unlawful to do so\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END STRDGBDBRBDBGXS\n ","length":3201,"tagName":"div"}]