Amey is putting its environment and waste and utilities businesses up for sale, according to reports.
Sky News said Amey has hired advisers to sell its environmental services and utilities divisions, which together account for approximately one-third of the company's 17,000-strong workforce in the UK.
No price tag has been put on the sale yet, and the firm declined to comment on the report.
It cited ‘city sources’ who said that the auction of the two units would get under way shortly.
Amey’s environment and waste arm provides waste management, recycling and environmental services for Cambridgeshire, Hertfordshire and Isle of Wight councils.
It also operates waste recovery parks in Milton Keynes and North Yorkshire and carries out street cleaning for a number of authorities.
Amey’s utilities division works in water, power, metering and telecoms.
In December last year its parent company, Ferrovial, announced that it had decided to classify its entire worldwide services division as ‘held for sale’, following the strategic review.
This included the Amey highways business, which is in the process of extricating itself from a disastrous PFI contract with Birmingham City Council.
In October Ferrovial, which also owns Heathrow Airport, said the sale of Amey was taking longer than expected.