Contractor expects disposal of two services firms inherited from Mowlem to generate a loss of about 拢7m

Support service group Carillion has sold cleaning and security companies Pall Mall Holdings and Sovereign Soft Services to Resource (NI) for 拢22m.

It says the sale is expected to generate a loss on disposal of about 拢7m, net of goodwill and disposal costs.

Carillion, which acquired the firms with Mowlem back in 2006, said it will use the sale proceeds to reduce its net borrowings.

John McDonough, Carillion chief executive, said the sale was in line with company strategy of 鈥渇ocusing on integrated service solutions for long terms customers.鈥�