Transport and power supplies group Christian Salvesen is planning a £1bn demerger and a £200m share buy-back to release the value of the company for shareholders. The group rejected rejected a £1.1bn offer from Hays last week.
Salvesens adviser SBC Warburg, has drawn up a series of plans for the demerger. It is expected to be complete before the end of the year.
There are thought to be 12 separate plans for demerger, all of which revolve around the disposal of debt ridden power supplies hire division Aggreko.
- Sunday Telegraph Business 11/08/96 page 1, 2
