Scottish firm says it is 鈥渞eviewing a number of strategic options鈥�

GCF

Housebuilder and contractor Miller has confirmed it is reviewing 鈥渟trategic options鈥� for the group after appointing financial adviser Moelis & Company last month.

A spokesperson for the firm said in a statement that the 拢817m-turnover Scottish firm was 鈥渞eviewing a number of strategic options鈥� for the group.

The statement follows reports that Miller has approached the contractor鈥檚 rivals over a sale of its 拢409m turnover construction arm, which reported an operating loss in 2013 of 拢4.6m.

Miller this week declined to confirm or deny it was planning to sell the business. It is understood Moelis & Co will carry out a review of all options for the future of the group, including a stock market flotation.

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