Engie takeover of Carillion's NIHE contracts is confirmed
Contracts carried out for the Housing Executive by collapsed construction giant Carillion have been sold to a French firm, it has emerged.
The proposed sale of the contracts to Engie was first revealed by Business Telegraph two weeks ago. Now the 'novation' of the contracts - a legal term for when work arranged under a contract is to be carried out by a new party - has been confirmed.
A spokeswoman for Engie said: "The number of staff involved is approximately 250. There is a role for all employees on these NIHE contracts that would like to join Engie."
A spokesman for the Housing Executive said its board had agreed to novate the contracts to Engie: "Engie, a global energy and services group, was the preferred bidder identified by PwC special managers, appointed following Carillion's liquidation. The existing terms and conditions of the legacy Carillion contracts, including costs and service delivery, will remain.
"We are now working with PwC to begin the novation process."
The confirmation means that a group of managers working for Carillion here have failed in their attempt to take over the contracts.
Those behind the proposed management buy-out said staff working for the firm were in support of their bid to take on the work.