The £10bn Sale of Shares in PPP Companies: New source of profits for builders and banks

The study examines the scale and profitability of the sale of equity in PPP special purpose companies. Sale of equity in PFI/PPP companies rose rapidly in last decade increasing rapidly from 2003 and continued largely unaffected by the global financial crisis. Between 1998-2010 there were 240 PPP equity transactions in the UK that involved 1,229 PPP projects (including multiple sales) valued at £10.0bn. The average profit was 50.6% in individual and group equity transactions. The study also identified increased use of tax havens for UK infrastructure.