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QNTQY Qinetiq Group PLC (PK)

21.75
0.2838 (1.32%)
Last Updated: 15:33:14
Delayed by 15 minutes
Name Symbol Market Type
Qinetiq Group PLC (PK) USOTC:QNTQY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.2838 1.32% 21.75 21.38 21.90 21.75 21.75 21.75 101 15:33:14

QinetiQ Sells UK Fuel, Lubricants Business To Intertek

01/08/2011 7:53am

Dow Jones News


Qinetiq (PK) (USOTC:QNTQY)
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QinetiQ Group PLC (QQ.LN), which provides technical advice to customers in the global aerospace, defense and security markets, Monday announced that it has sold its U.K. fuel and lubricants business based in Farnborough to Intertek Group PLC, a provider of quality and safety solutions, for a total cash consideration of GBP0.5 million.

MAIN FACTS:

-This disposal is in line with QinetiQ's stated intention to focus on its core capabilities.

-Shares closed Friday at GBP1.13 valuing the company at GBP746.34 million.

-By Jana Weigand, Dow Jones Newswires; 44-20-7842-9314; jana.weigand@dowjones.com

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