Willmott Dixon plans to keep a 7.5% stake in Inspace after the support services business floats on the Alternative Investment Market this year.
The construction group set up Inspace two years ago. It has since won contracts to maintain social housing for local councils.
The decision to float is part of a restructuring at Willmott Dixon, intended to focus it on its construction and development business, especially in social housing.
References: Financial Times 05/01/05 page 20
