Construction News

Tue June 22 2021

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Balfour sells street lights

16 Dec 16 Balfour Beatty has raised £33m by selling the majority of its street lighting PFI projects.

Balfour Beatty is 80% of its interest in five local authority street lighting schemes to funds managed by Equitix.

The £33m cash payment will be retained within Balfour Beatty and is more than the book value that directors had assigned to the asset.

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