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8 months ago
BRIEF-Balfour Beatty sells street lighting interests for 33 mln stg
December 16, 2016 / 7:17 AM / 8 months ago

BRIEF-Balfour Beatty sells street lighting interests for 33 mln stg

Dec 16 (Reuters) - Balfour Beatty

* Announces 80% sale of its interests in five street lighting PFI projects

* Sale is for a cash consideration of £33 million which will be retained within Balfour Beatty

* Sale to funds managed by Equitix

* Proceeds from transaction are in excess of directors' valuation

* Balfour Beatty may receive further cash consideration when latest results of a number of projects are determined Source text for Eikon: Further company coverage: (London Newsroom)

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