Balfour Beatty has sold part of its stake in Connect Plus, the company that manages the M25. Balfour announced the sale of 12.5 per cent of its stake to Dalmore Capital Ltd for £103m just before Christmas and last week it announced the sale of an additional 7.5 per cent for £62m. Balfour Beatty said it has an unconditional right to sell the latter stake to funds managed by Dalmore Capital Limited but that funds managed by Equitix Investment Management Limited (Equitix)...
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