Construction News

25/07/2014

Balfour Beatty And Carillion Announce Possible Merger

Contractors Balfour Beatty and Carillion have announced a possible merger.

The two firms are currently in preliminary discussions.

Both firms believe the merger has the potential to create a market leading services, investments, and construction business of considerable depth and scale.

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Work is now underway to develop a strategy and outline business plan for a combined entity, underpinned by the evaluation of achievable synergies, future financing arrangements and a number of other essential supporting workstreams.

No final decision has been made.

(CD/JP)

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