Balfour Beatty, the international infrastructure group, today announces the completion of two disposals from its Infrastructure Investments portfolio for a combined gain on disposal of £25.8 million. This is in line with the Group’s prior expectations for 2023 gains on disposal of £15 – 30 million. The Group has sold its 49.5% interest in UBB Waste (Gloucester) Holdings Limited, the owner of the energy from waste facility at Javelin Park near Gloucester, to Urbaser Investment Limited, and its 50% interest in the Moretti multifamily housing community in Birmingham, Alabama to Henssler Capital, LLC. The proceeds from each sale are in excess of the Balfour Beatty Directors’ valuation as of 3
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