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| Balfour Beatty consortium named preferred bidder  Balfour Beatty announces that its consortium company, Regional and City Airports (RCA) has been appointed preferred bidder to acquire Exeter and Devon Airport Ltd., which owns and operates Exeter International Airport. The total consideration for the acquisition will be £60 million. RCA is a joint venture between Balfour Beatty Capital, the group's investment arm, and London City Airport. The acquisition will be financed through equity of £30 million, with Balfour Beatty as the leading investor.The remainder of the consideration will be satisfied by borrowings, with HSBC as financial adviser and lead arranger. London City Airport will be responsible for the operational management of the airport. write your comments about the article :: © 2006 Construction News :: home page |