BUSINESS

Balfour rejects £1bn JLIF bid

Balfour Beatty has rejected a £1bn offer for its investment portfolio as rivals Kier admits it is in discussions to buy Mouchel.

By Jamie Hailstone | 10 December 2014

Balfour Beatty has rejected a £1bn offer for its investment portfolio as rivals Kier admits it is in discussions to buy Mouchel.

The John Laing Infrastructure Fund (JLIF) went public last week with a bid for Balfour Beatty's public private partnership (PPP) portfolio, which includes around 60 contracts.

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Popular articles by Jamie Hailstone

  1. Are STPs delivering the change agenda?
  2. It's all about relationships
  3. Turning challenges into opportunities
  4. Frugal authorities may be left exposed to more cuts
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