Balfour Beatty announces the sale of its professional services division, Parsons Brinckerhoff, to WSP Global Inc. for a cash consideration of US$1,352.5 million. The sale price assumes cash of US$110 million (£67 million) is retained within Parsons Brinckerhoff. The transaction is also subject to certain antitrust and other approvals. Completion of the sale of Parsons Brinckerhoff is expected in Q4 2014.
Source: www.balfourbeatty.com
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