Balfour Beatty shareholders will vote on 28 October on the board’s recommendation to sell professional services consultancy Parsons Brinckerhoff to WSP for £820m.
With some Balfour shareholders openly questioning the wisdom of the sale, the company this week spelt out the consequences of the sale being blocked, warning that it could make meeting banking covenants more difficult. In such an event Balfour would have to accelerate the disposal of investment assets.
Balfour has also...
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