BUILDING products group Kingspan has sold the structural steel contracting business of its Ward subsidiary in Britain to a management buy out team. The price paid for the stock and debtors was £2.5 million in sterling while Kingspan will hold 1.2 million preference 1p shares (£12,000) in the operation, according to Kingspan financial director Mr Dermot Mulvihill. The value of the net assets sold was £2.5 million, he said. The sale includes the continental European pre fabricated business run by Atlas Bausysteme. The structural steel contracting business has an annual turnover of about £50 million.