5th Jan 2026 08:54
(Alliance News) - Balfour Beatty PLC on Monday announced plans for a GBP50 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 GBP87 million, with a total gain on sale of GBP7 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 GBP50 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.
By Jeremy Cutler, Alliance News reporter
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