Construction News

26 March 2025

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Dubai contractor exits Costain

11 Sep 24 ASGC Construction has sold its 15% stake in Costain.

Dubai-based Al Shafar General Contracting Company (ASGC) invested £25m in UK construction contractor Costain in May 2020. It was now sold its stake four years later for £38m.

ASGC withdrew through a placing of shares to institutional investors.

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