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Hot Topic Aus election
General Business
1 mins to read

Losses force equity raise for private prison operator

Serco’s British parent company rides to the rescue.

Tim Hunter Fri, 30 Apr 2021

Prison operator Serco has received a $21.4 million bailout from its UK parent company after further losses left its balance sheet dangerously depleted.

Serco runs the Auckland South Corrections Facility at Wiri under a 25-year contract with SecureFuture, a private consortium contracted to build

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Tim Hunter Fri, 30 Apr 2021
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
Serco New Zealand Department of Corrections capital raise

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Another loss for prison operator Serco

Serco NZ narrows annual loss, budgets $3.2m more for Mt Eden penalty charges

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Another loss for prison operator Serco

Serco NZ narrows annual loss, budgets $3.2m more for Mt Eden penalty charges
Losses force equity raise for private prison operator
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