UK contractor Carillion is in talks with a host of Middle Eastern construction companies to sell a chunk of its overseas business as it embarks on a radical cost-cutting and disposal plan aimed at salvaging the stricken company.
The construction and support services group, which built London’s Tate Modern art gallery and Oman’s Royal Opera House and employs 50,000 people worldwide, is fighting for survival following a catastrophic profits warning in July.
It faces a crunch week, as its auditors at KPMG determine whether it can continue operating ahead of the delayed publication of first-half profits next Friday.
