September 3, 2014 / 8:29 PM / in 3 years

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

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:

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