Balfour Beatty PLC BALFOUR BEATTY COMPLETES DISPOSAL OF TWO ASSETS (8339S)
09 Noviembre 2023 - 1:00AM
UK Regulatory
TIDMBBY
RNS Number : 8339S
Balfour Beatty PLC
09 November 2023
News Release
09 November 2023
BALFOUR BEATTY COMPLETES DISPOSAL OF TWO INFRASTRUCTURE
INVESTMENTS ASSETS
Balfour Beatty, the international infrastructure group, today
announces the completion of two disposals from its Infrastructure
Investments portfolio for a combined gain on disposal of GBP25.8
million. This is in line with the Group's prior expectations for
2023 gains on disposal of GBP15 - 30 million.
The Group has sold its 49.5% interest in UBB Waste (Gloucester)
Holdings Limited, the owner of the energy from waste facility at
Javelin Park near Gloucester, to Urbaser Investment Limited, and
its 50% interest in the Moretti multifamily housing community in
Birmingham, Alabama to Henssler Capital, LLC.
The proceeds from each sale are in excess of the Balfour Beatty
Directors' valuation as of 30 June 2023, consistent with the
Group's strategy of optimising value through the disposal of
operational assets, whilst continuing to invest in new asset
opportunities. The Group expects no further Infrastructure
Investments disposals in 2023.
ENDS
Analyst/investor enquiries:
Jim Ryan
Tel. +44 (0)20 7216 6824
Jim.Ryan@balfourbeatty.com
Media enquiries:
Antonia Walton
Tel. +44 (0)203 810 2345
antonia.walton@balfourbeatty.com
-- Balfour Beatty is a leading international infrastructure
group with 25,000 employees driving the delivery of powerful new
solutions, shaping thinking, creating skylines and inspiring a new
generation of talent to be the change-makers of tomorrow.
-- We finance, develop, build, maintain and operate the
increasingly complex and critical infrastructure that supports
national economies and deliver projects at the heart of local
communities.
-- Over the last 114 years we have created iconic buildings and
infrastructure all over the world. Currently, we are working to
deliver Hinkley Point C, the first UK nuclear power station in a
generation; constructing the world-class arts and cultural
facility, the Lyric Theatre, in Hong Kong; and designing, building,
financing, operating and maintaining the Automated People Mover
superstructure at the fifth busiest airport in the world, Los
Angeles International Airport.
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END
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November 09, 2023 02:00 ET (07:00 GMT)
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