MITIE Preferred Bidder For Lloyds Banking Facilities Management Deal
14 March 2012 - 12:19AM
Dow Jones News
MITIE Group PLC (MTO.LN), the outsourcing and energy services
company, said Tuesday that it has been appointed as the preferred
bidder in an on-going tender process for the creation of a
partnership to deliver integrated facilities and energy management
for Lloyds Banking Group PLC (LLOY.LN).
MAIN FACTS:
-Under the tender, the chosen supplier will provide Lloyds
Banking Group with a complete range of facilities management
services across the bank's entire U.K. branch and office
estate.
-Shares at 1247 GMT, up 7 pence, or 2.6%, at 275.4 pence valuing
the company at GBP995.35 million.
-By Rory Gallivan, Dow Jones Newswires; 44-20-7842-9411;
rory.gallivan@dowjones.com
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