05:16 Mon 15 Jan 2018
Balfour Beatty PLC - BALFOUR BEATTY'S JOINT VENTURES WITH CARILLION PLC
News Release
STATEMENT REGARDING BALFOUR BEATTY'S
Balfour Beatty, the international infrastructure group, notes that Carillion has applied for compulsory liquidation.
Balfour Beatty is in Joint Venture with Carillion on three projects: the Aberdeen Western Peripheral Route, the A14 in
Balfour Beatty will continue to work with its customers and will meet its contractual commitments.
The cash impact to Balfour Beatty is likely to be an outflow in the range of
The profit impact of Carillion's compulsory liquidation would be recorded as an exceptional non-underlying charge in the income statement.
Balfour Beatty does not have any other material financial exposure to Carillion.
ENDS
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Notes to editors:
· Balfour Beatty (www.balfourbeatty.com) is a leading international infrastructure group. With 30,000 employees, we provide innovative and efficient infrastructure that underpins our daily lives, supports communities and enables economic growth. 4We finance, develop, build and maintain complex infrastructure such as transportation, power and utility systems, social and commercial buildings.
· Our main geographies are the
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