Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Japanese bank to keep Hyder consultancy

News

A JAPANESE INVESMENT bank is expected to hang on to Hyder's consultancy business after it takes over the company, Hyder Consulting managing director Tim Wade said this week.

Instead of selling the consultancy, the bank is expected to launch a major cost cutting drive within Hyder's water and electricity businesses.

Nomura announced a £2.60 per share bid on Tuesday, valuing the group at £402M. In 1998, Hyder shares were more than £10.

It plans to appoint former Stagecoach head Mike Kinski to run the business. He has a reputation for cost cutting.

Nomura 'is interested in things that grow and prosper', said Wade, and 'we would put ourselves in that category'.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.