(MENAFN) British construction firm Balfour Beatty has reaffirmed its rejection of a second merger proposal from rival Carillion, Gulf Daily News reported.
Balfour has rejected two proposals by Carillion to create a USD5-billion group better placed to compete for major international contracts against the likes of Spain's Ferrovial.
"The proposal remains unchanged to that rejected on August 11. The board reaffirms its rejection of the proposal," Balfour said.
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