StockMarketWire.com - Construction and support services group Kier said Friday it had completed the sale of KHSA Limited to Downer Group for a total consideration of up to AUS$43.7m, or about £24m.

Cash consideration of AUS$41.7m, roughly £24m, was received on completion, the company confirmed.

KHSA, which was acquired as part of the Mouchel group of companies in 2015, provided road asset management and maintenance services in an Australian joint venture with Downer.




Story provided by StockMarketWire.com