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- Balfour Beatty ups estimate of infrastructure value to £1.3bn
Balfour Beatty, which rejected a bid of £1bn for its infrastructure assets from John Laing Infrastructure Fund in December 2014, has now upped its estimate of the value of these assets to £1.3bn. The Board cite “lower discount rates and revised cash flow assumptions on the UK portfolio and improved cash flow assumptions on the North American portfolio” as the reason for the significant leap in the value over the second half of 2014. they also say the new valuation tallies with valuation work done by KPMG.
JLIF : Balfour Beatty ups estimate of infrastructure value to £1.3bn
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