Mike Kinski, soon to be installed as new head of Hyder following the $643M buyout by Japanese investment bank Nomura, has refuted claims that the bank intends to sell off Hyder.

Kinski was reported recently in the UK construction magazine Construction News to say, "We have no plans to sell businesses."

He continued, somewhat speculatively, to say,"but, as we grow these businesses, a sale may become an option."

Hyder Consulting, a branch of parent company Hyder, will have its future decided over the next month. Current managing director Tim Wade referred to the period of uncertainty as ‘business as usual’.

Wade believes that Nomura will be ascertaining values of the groups’ water and electricity businesses before a decision is made about the future of Hyder Consulting.