Balfour Beatty plans up to PS50 million share buyback; completes sale
Balfour Beatty PLC on Monday announced plans for a £50 million share buyback alongside the completion of the sale of ten assets from its infrastructure investments portfolio.
In December, the London-based international infrastructure construction firm sold its share in each of the assets to Equitix Ltd for £87 million, with a total gain on sale of £7 million.
The disposed assets comprise three offshore transmission owners, five street lighting projects, one biomass plant and one road concession.
London-based Equitix invests, develops, and is a long-term fund manager of core infrastructure assets.
Balfour Beatty said the proceeds are in excess of its valuation as of June 2025.
In addition, the company said it has appointed corporate brokers to manage an initial tranche of its 2026 share buyback programme for up to £50 million.
The total buyback, which is intended to be completed by the end of June, will be confirmed at full year results in March.
Shares in Balfour Beatty rose 0.1% to 714.50 pence each in London on Monday morning.
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