Balfour Beatty Sells Its Shareholding In Gammon For £250 Million

By Reuters News

Oct 13 (Reuters) - Balfour Beatty PLC BALF.L:

  • BALFOUR BEATTY PLC - SALE OF BALFOUR BEATTY’S SHAREHOLDING IN GAMMON

  • BALFOUR BEATTY: HAS SOLD ITS 50% SHAREHOLDING IN GAMMON CONSTRUCTION

  • BALFOUR BEATTY - CARRYING VALUE OF 50% GAMMON SHARE £86 MILLION AS AT 30 JUNE 2026

  • BALFOUR BEATTY: PROPOSED DEAL FOR TOTAL CASH CONSIDERATION OF £250 MILLION

  • BALFOUR BEATTY: TOTAL CASH CONSIDERATION PAYABLE IN GBP IN THREE EQUAL TRANCHES

  • BALFOUR BEATTY: GAMMON WILL BE REPORTED AS A DISCONTINUED OPERATION IN COMPANY'S 2026 FINANCIAL STATEMENTS

Further company coverage: BALF.L

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