AssetCo extends contract with Abu Dhabi government

22nd Jul 2014 11:59

AssetCo has signed an ongoing contract with the Abu Dhabi government to extend its fire services supply agreement.The AIM-listed emergency services group, which signed the original contract in March 2011, is expected to generate revenues of around £18m a year from the new agreement. The partnership is expected to now run until November 2016.The company added that it was continuing to trade in line with management expectations. As of 11:27 the share price had risen 4.63% to 270p.WS