A construction firm has been appointed the preferred bidder to take over stricken Dundee firm McGill.
The contractor, which employs 200 people in Dundee, plunged into administration earlier this month.
But Blair Nimmo, global head of restructuring and Joint Administrator at KPMG, said today: “The joint administrators are pleased to announce they have appointed Catalus Energy Investments Limited as the preferred bidder and granted them a short period of exclusivity to acquire the business and certain assets of McGill & Co Limited – in administration.
“Agreement of the sale is subject to due diligence and contractual agreement. However, both parties are hopeful that a transaction can be concluded in early course. Further information will be available in due course.”
McGill works across commercial, residential and the education and healthcare sectors and has been involved in a number of high-profile building projects including Dundee’s Olympia Leisure centre.
The firm, headquartered in Harrison Road, has been operating for more than 30 years.