February 19, 2018 / 12:07 PM / 6 months ago

BRIEF-Balfour Beatty Seals Third Partial Sale Of M25 Infrastructure Asset

Feb 19 (Reuters) - Balfour Beatty Plc:

* BALFOUR BEATTY ANNOUNCES THIRD PARTIAL SALE OF M25 INFRASTRUCTURE ASSET

* ‍SALE IS FOR A CASH CONSIDERATION OF £42 MILLION​

* ‍EXPECTED PROFIT ON DISPOSAL ON THIS TRANSACTION IS £22 MILLION​

* PROCEEDS FROM THIS TRANSACTION WILL BE USED TO PAY DOWN BORROWINGS IN 2018

* ‍GROUP CONTINUES TO OWN A 15 PERCENT STAKE IN CONNECT PLUS.​ Source text for Eikon: Further company coverage:

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