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Serco, Mears win 2.9 bln stg UK housing contracts for asylum seekers

Reuters - UK Focus

Jan 8 (Reuters) - British outsourcers Serco Group Plc (Other OTC: SCGPY - news) and Mears Group Plc (LSE: MER.L - news) have been awarded contracts by the UK Home Office Visas and Immigration department to provide accommodation and support for asylum seekers, the companies said on Tuesday.

The 10-year term contracts, valued at 1.9 billion pounds ($2.43 billion) for Serco and 1 billion pounds for Mears, are a part of the Asylum Accommodation and Support Services Contract (AASC) for different regions.

($1 = 0.7830 pounds) (Reporting by Tanishaa Nadkar in Bengaluru; editing by Jason Neely)