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Thu October 28 2021

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Balfour Beatty targets Brazil and India

3 Dec 12 Contract Balfour Beatty is targeting the fast-growing markets of Brazil and India as it seeks to become a truly global player.

The share of group revenue from outside of Europe and North America has already increased from 9% to 13%. The target is to take this to 25%, said chief executive Ian Tyler.

As well as entering Brazil and India, Balfour Beatty aims to grow its position in South Africa, Australia and Canada.

Mr Tyler added: "While pursuing this strategy, we will continue to shift our capital into professional services, and we remain confident of achieving our 6-7% margin target for this business by 2015.”

The export drive will be funded by the disposal of £200m-worth of PFI assets.

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