Punj Lloyd divests UK subsidiary

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PL Engineering, a subsidiary of Punj Lloyd Group, has sold its shareholding in its UK-registered Simon Carves Engineering subsidiary to Engineers and Constructors International for US$2 million. Engineers and Constructors International is a US design and engineering company owned by Mitsui Group.

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Juris Legal advised Punj Lloyd on the deal. The team was led by managing partner Rupin Pawha with assistance from associate Prashant Pranjal.

Partner Nick Davenport at Manchester-based Turner Parkinson advised Engineers and Constructors International.

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