Balfour Beatty sells Fife Hospital stake

Balfour

September 19, 2018 – Balfour Beatty has sold its 50% stake in Fife Hospital to Semperian PPP Investment Partners for £43m.

The transaction is expected to make Balfour Beatty a profit of £22m, which will be used to pay down borrowings in 2018.

The sale price was greater than the directors’ valuation of the asset at 30th June 2018, Balfour Beatty said.

The private finance intiative project enabled the construction of a new wing at the Victoria Hospital in Kirkcaldy, Fife, which opened in 2011.

Source:-https://www.theconstructionindex.co.uk/news/view/balfour-beatty-sells-fife-hospital-stake

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