P59 Swimmers
3 December 2012
Balfour Beatty, the builder of the Olympics Aquatics Centre, pictured, plans to accelerate its disposal of Public Private Partnership assets over the next three years as it targets faster-growing markets outside Europe and North America.
The UK’s biggest listed construction company, which issued a profits warning last month, intends to sell assets valued at £200 million from next year, which would see it pocket disposal gains of about £40 million a year.
Chief executive Ian Tyler, said growth markets such as Australia and South Africa account for just 13% of total revenues. But he expects these markets to deliver at least 25% of revenues in the medium term.
