REG - Babcock Intnl Group - Completion of acquisition of NSM joint venture

Babcock InternationalAnnouncement

14/03/2022 10:00

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RNS Number : 6509E  Babcock International Group PLC  14 March 2022

Babcock completes acquisition of 50% of its Australian naval sustainment joint
venture

 

14 March 2022

 

Further to the announcement on 15 February 2022, Babcock International Group
PLC ("Babcock" or "the Group") today announced that it has completed the
acquisition of the remaining 50% interest in its Australian Naval Ship
Management (NSM) joint venture from UGL Infrastructure (UGL).

 

The acquisition will allow Babcock Australasia, one of the Group's focus
countries, to further strengthen the breadth of its support to the Australian
Defence Force's maritime capability and to provide additional capability for
Australia's current and future maritime programmes.

 

Ends

 

 

 

 For further information:
 Andrew Gollan, Director of Investor Relations  +44 (0)7936 039004
 Kate Hill, Group Director of Communications    +44 (0)20 7355 5312

 Tulchan Communications
 Olivia Peters / Harry Cameron                  +44 (0)20 7353 4200

 

 

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