Balfour Beatty sells PFI stake in Salford Hospital


£22m deal with HICL Infrastructure Company subsidiary

Balfour Beatty has announced plans to sell its 50% stake in the Salford Hospital PFI to an international infrastructure company.

The £22m deal with a subsidiary of HICL Infrastructure Company generated a gain on disposal of £11.5m.

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Balfour Beatty chief executive, Andrew McNaughton, said: “It is pleasing to see that our strategy of regular asset disposals to release some of the accumulated value in our portfolio continues to deliver additional income and cash to the group.”