Published Date:
05 March 2010
UK INFRASTRUCTURE company Balfour Beatty has sold its stake in two Scottish projects to AMP Capital Investors, the Australian wealth management company, for £24.3 million.
The deal covers a 23.9 per cent stake in the Edinburgh Royal Infirmary Public Private Partnership (PPP) concession, where Balfour will retain a 50 per cent stake. It also covers its entire 50 per cent interest in the Aberdeen Waste Water PPP concession.
The firm said the sale would generate a profit of around £21m, which "demonstrates the quality of Balfour's PPP investments".
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Last Updated:
04 March 2010 8:03 PM
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Source:
The Scotsman
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Location:
Edinburgh
