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| Balfour Beatty sells its Scandinavian Rail Business Balfour Beatty, the international infrastructure group, announces that it has reached an agreement to sell its Scandinavian Rail business to Strukton Rail B.V. for approximately £4 million in cash, equating to broadly net asset value. The cash consideration will be subject to certain adjustments based on completion accounts and in relation to pension liabilities. Competition clearance has been received from the Swedish competition authority, and completion is expected in January 2014. write your comments about the article :: © 2013 Construction News :: home page |