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Fri September 20 2024

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Balfour sells street lights

16 Dec 16 Balfour Beatty has raised £33m by selling the majority of its street lighting PFI projects.

Balfour Beatty is 80% of its interest in five local authority street lighting schemes to funds managed by Equitix.

The 拢33m cash payment will be retained within Balfour Beatty and is more than the book value that directors had assigned to the asset.

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