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Morning news wrap: Balfour Beatty, Whitbread, KEFI Minerals, Centerra Gold, Central African Gold

24th Dec 2009, 8:10 am Morning news wrap: Balfour Beatty, Whitbread, KEFI Minerals, Centerra Gold, Central African Gold

In the FTSE 100, hospitality group Whitbread (LSE: WTB) has agreed to sell five properties operating as Premier Inn and adjacent restaurants to M&G Investments, which will pay £36.65 million in cash and enter into 25 year leases with Whitbread, which will operate the properties. This represents a net initial yield of 5.5%.

In the FTSE 250, Balfour Beatty (LSE: BBY) has acquired Strata Construction, which specialises in the construction of affordable housing, for a total cash consideration of £10.3 million.

In AIM, Turkey and Saudi Arabia operating gold explorer KEFI Minerals (AIM: KEF) has finalized a joint venture (JV) agreement with Centerra Gold (TSX: CG) over its wholly owned Bakir Tepe project in south western Turkey.

Central African Gold (AIM: CAN) reported on its full year results, reporting a turnover of £14.1 million compared to £11 million for the previous year from the sale of 32,250 oz (ounces) of gold compared to 33,637 oz in the previous year.

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