LONDON, Sept 4 British building group Balfour
Beatty said it would return up to 200 million pounds
($329 million) to shareholders and reduce its pension fund
deficit after agreeing to sell its Parsons Brinckerhoff business
for almost $1.24 billion.
The sale of the U.S. professional services division to
Canada's WSP Global Inc, which is expected to complete
in the fourth-quarter of 2014, was announced late on Wednesday.
Balfour said on Thursday in addition to the investor payout,
around 85 million pounds of the proceeds would be used to reduce
the group's pension fund deficit.
(1 US dollar = 0.6078 British pound)
(Reporting by Neil Maidment; Editing by Mark Potter)