StockMarketWire.com - Services supplier Serco Group said it won a contract from the government of South Australia state to operate and manage a remand centre for its department of correctional services.

The estimated total contract value over an initial seven-year term was A$115m (£62m).

The term could be extended by up to five years.

Serco would begin transition of the facility immediately and full operational service would start in August.




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