403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
UK Balfour Beatty rejects John Laing's USD1.6b offer
(MENAFN) Balfour Beatty, British infrastructure group, said it had rejected a USD1.6 billion bid from John Laing Infrastructure Fund for its public-private partnership assets, Oman Observer reported.
The non-binding proposal from the fund, an investor in hospitals, roads and schools, was made last week. Balfour said it fell significantly short of its own valuation of the portfolio.
Earlier in August, Balfour Beatty has increased the value of the offer by 46 percent to USD1.63 billion, in part reflecting Britain's economic recovery.
The company said it intended to publish an updated valuation in January, which would take into account recent contract wins, further investments and disposals, and its investment pipeline.
The non-binding proposal from the fund, an investor in hospitals, roads and schools, was made last week. Balfour said it fell significantly short of its own valuation of the portfolio.
Earlier in August, Balfour Beatty has increased the value of the offer by 46 percent to USD1.63 billion, in part reflecting Britain's economic recovery.
The company said it intended to publish an updated valuation in January, which would take into account recent contract wins, further investments and disposals, and its investment pipeline.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment