As announced on
This follows the sale of part of Babcock's civil training business to
The completion of these two disposals concludes the Group's programme of portfolio alignment designed to reduce complexity, focus the Group on its chosen markets and strengthen the balance sheet.
The programme, initially announced on
Babcock CEO
'We've done what we said we'd do at the start of our turnaround: we've strengthened the balance sheet and reduced complexity. Around two-thirds of the Group is now focused on defence, and we are well positioned for future growth opportunities in our core markets.
'The AES and civil training businesses are both in good hands, and I wish their new owners every success in growing the businesses further.'
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