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Balfour Beatty PLC - ABERDEEN WESTERN PERIPHERAL ROUTE CLAIM

RNS Number : 8336X
Balfour Beatty PLC
23 December 2019
 

News Release

 

 

23 December 2019

 

ABERDEEN WESTERN PERIPHERAL ROUTE CLAIM

 

The Aberdeen Roads Limited joint venture is in advanced discussions with the client regarding a settlement to resolve its claim on the construction of the Aberdeen Western Peripheral Route (AWPR). 

 

A conclusion to these advanced discussions would result in Balfour Beatty receiving around £32 million as part of the settlement with no material change to the Group's balance sheet position.  Any settlement would remain subject to usual consents and approvals of all interested stakeholders. 

 

Balfour Beatty continues to expect profit from operations for the year ended 31 December 2019 to be in line with the Trading Update provided on 12 December 2019.

 

 

ENDS

 

 

Analyst/investor enquiries:

Angus Barry
Tel. +44 (0)7966 281635
[email protected] 

 

Media enquiries:            

Louise McCulloch
Tel. +44 (0)7814 693057
[email protected]

 

 

 

Notes to editors:

·     Balfour Beatty (www.balfourbeatty.com) is a leading international infrastructure group. With 26,000 employees, we provide innovative and efficient infrastructure that underpins our daily lives, supports communities and enables economic growth. We finance, develop, build and maintain complex infrastructure such as transportation, power and utility systems, social and commercial buildings.

·     Our main geographies are the UK, US and Hong Kong. Over the last 100 years we have created iconic buildings and infrastructure all over the world including the London Olympics' Aquatic Centre, Hong Kong's first Zero Carbon building, the National Museum of the Marine Corps in the US and the Channel Tunnel Rail Link.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Balfour Beatty plc

Price: 217.8

Market: LSE
Market Cap: £1.5 billion
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