July 13

Balfour Beatty completes $1.24bn sale of Parsons Brinckerhoff to WSP Global

first_imgFriday 31 October 2014 11:10 am whatsapp Lynsey Barber More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com whatsapp Show Comments ▼center_img Tags: Balfour Beatty Company by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comYahoo! SearchResearch Car Donation For CharitiesYahoo! SearchThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week Balfour Beatty completes $1.24bn sale of Parsons Brinckerhoff to WSP Global Balfour Beatty has completed the sale of its design arm Parsons Brinckerhoff to Canadian firm WSP Global for $1.24bn (£753m).The deal, which derailed merger talks between the construction firm and Carillion, gained shareholder approval earlier this week. Balfour Beatty expects to spend the proceeds on returning £200m to shareholders through a share buyback programme and £85m on reducing the group’s pension deficit. The remaining money will be added to the company’s books “to ensure a strong balance sheet and provide increased financial flexibility.”Executive chairman Steve Marshall had this to say: “This sale represents a significant return on Balfour Beatty’s investment and a compelling level of value creation for shareholders. Following the sale, Balfour Beatty will be a simplified and more focused group.  It has leading positions in the UK and US construction and infrastructure markets, all supported by a strong balance sheet.  Leo Quinn joins as group chief executive in the New Year to take the group forward and to drive shareholder value.”The firm said it would continue to have a turnover of £8bn after the sale of Parsons, which it picked up in 2009 for £382m.Balfour Beatty’s share price ticked up nearly half a per cent at pixel time in afternoon trading. Sharelast_img

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Posted July 13, 2021 by admin in category "ibafyecsr

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