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BAB Babcock International Group Plc

510.50
-6.00 (-1.16%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Babcock International Group Plc LSE:BAB London Ordinary Share GB0009697037 ORD 60P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -6.00 -1.16% 510.50 512.00 513.50 520.00 511.50 520.00 641,167 16:35:07
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 4.44B -35M -0.0692 -74.35 2.6B

Babcock International Sells Cyberdefense Consultancy to Accenture for GBP107 Million

06/03/2020 10:23am

Dow Jones News


Babcock (LSE:BAB)
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From Apr 2019 to Apr 2024

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   By Adria Calatayud 
 

Babcock International Group PLC said Friday that it has sold its cyberdefense consultancy Context to professional-services group Accenture for 107 million pounds ($136.7 million) in cash.

Babcock, a U.K. aerospace-and-defense company, said the sale continues its strategy of streamlining its portfolio.

Context made an operating profit of GBP2 million for the year to March 31, 2019, and had gross assets of GBP36 million as at Sept. 30, Babcock said.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

March 06, 2020 05:08 ET (10:08 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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