BALFOUR BEATTY ANNOUNCES SALE OF BLACKPOOL AIRPORT

RNS Number : 5569Q

Balfour Beatty PLC

13 September 2017

 

News Release

13 September 2017

BALFOUR BEATTY ANNOUNCES SALE OF BLACKPOOL AIRPORT

Balfour Beatty, the international infrastructure group, today announces that it has reached an agreement to sell its 95% share in Blackpool Airport to Blackpool Council, for a total cash consideration of £4.25 million.

A Balfour Beatty spokesperson said: "The sale of Blackpool Airport further simplifies the portfolio, in line with the Group's strategy".

ENDS

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Notes to editors:

·     Balfour Beatty (www.balfourbeatty.com) is a leading international infrastructure group. With 30,000 employees, we provide innovative and efficient infrastructure that underpins our daily lives, supports communities and enables economic growth. We finance, develop, build and maintain complex infrastructure such as transportation, power and utility systems, social and commercial buildings.

·     Our main geographies are the UK, US and Far East. Over the last 100 years we have created iconic buildings and infrastructure all over the world including the London Olympics' Aquatic Centre, Hong Kong's first Zero Carbon building, the National Museum of the Marine Corps in the US and the Channel Tunnel Rail Link.

 

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