Contractors says remaining shares will be acquired by underwriters if buyers are not found at issue price

Balfour Beatty has sold about 97% of shares issued in a recent rights issue.

The contractor carried out the 拢353m rights issue to fund the aquisition of Parsons Brinckerhoff.

The construction firm said that if it could not find buyers for the remaining 6,033,170 new shares at a level equal to the issue price, they would be acquired by the underwriters.

Topics