BRIEF-Balfour Beatty sells Parsons Brinckerhoff to WSP Global for $1.4 bln

Wed Sep 3, 2014 4:26pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Sept 3 (Reuters) - Balfour Beatty :

* Announces sale of Parsons Brinckerhoff to WSP Global Inc for $1,352.5 million (820 million pounds)

* Sale price assumes cash of $110 million (67 million pounds) is retained within Parsons Brinckerhoff

* Transaction is also subject to certain antitrust and other approvals

* Completion of the sale of Parsons Brinckerhoff is expected in Q4 2014

* Goldman Sachs International acted as lead financial adviser to Balfour Beatty Further company coverage: