Balfour Beatty PLC ABERDEEN WESTERN PERIPHERAL ROUTE CLAIM (8336X)
December 23 2019 - 6:10AM
UK Regulatory
TIDMBBY
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 GBP32 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
angus.barry@balfourbeatty.com
Media enquiries:
Louise McCulloch
Tel. +44 (0)7814 693057
louise.mcculloch@balfourbeatty.com
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.
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Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
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