AMEC plc announced on November 24 that it has begun the process of selling AMEC Spie, following a review of the group’s options for long-term growth.

The board believes that AMEC Spie would be best able to participate in industry consolidation outside AMEC. The sale will be completed in the spring, and proceeds are expected to ’significantly exceed book value’ of £280m at June 30 2005.