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Balfour Beatty PLC - London-based infrastructure construction firm - Completes two disposals from its Infrastructure Investments portfolio for a combined gain of £25.8 million. Sells its 49.5% interest in UBB Waste (Gloucester) Holdings Ltd, the owner of the energy from waste facility at Javelin Park near Gloucester, to Urbaser Investment Ltd. Also sells its 50% interest in the Moretti multifamily housing community in Birmingham, Alabama to Henssler Capital, LLC. Explains that both sales are in line with prior expectations for annual gains on disposal of £15 million to £30 million. The proceeds from each are in excess of directors’ valuation as of June 30. Balfour Beatty expects no further infrastructure investments disposals this year. Current stock price: 311.80 pence 12-month change: up 3.2% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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