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25 Jan 2019 | 13:13

Augean sells East Kent incinerator to Wastecare for £3.4m

Waste management group Augean said it had sold its East Kent high temperature incinerator to Wastecare for £3.4m.

The sale came after Augean announced in December that it was seeking a buyer for the facility, which was loss-making in 2017 and 2018.

Augen said it would make a £2.5m profit on the sale, and avoid the planned cost of closing the facility of around £0.6m.

The profit on sale would be treated as an exceptional item.

At 1:13pm: (LON:AUG) Augean PLC share price was +2p at 71.5p

Story provided by StockMarketWire.com
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