Balfour Beatty sells assets to private equity

International construction and infrastructure group Balfour Beatty (BBY) has cashed in a small chunk of its investment portfolio netting it a £7 million gain. Private equity firm Equitix has paid £87 million for a collection of offshore transmission assets, street lighting projects, a road concession and a biomass plant. Price: 715.5p +0.2% P/E: 20.4x Market … Continue reading Balfour Beatty sells assets to private equity