LONDON--Balfour Beatty PLC (BBY.LN), the infrastructure group,
Thursday said it has sold its stake in its 50-50 joint venture
Signalling Solutions Ltd. to its partner, French engineering giant
Alstom SA (ALO.FR), without disclosing financial details.
Signalling Solutions, formed in 2007, provides signaling
technology and services to the U.K.'s rail sector.
Balfour Beatty said divesting the stake will allow the support
services and construction company's rail business to focus on its
core strengths.
At 1227 GMT, Balfour Beatty shares fell 0.6% to 257 pence,
valuing the company at GBP1.78 billion ($2.72 billion).
--Write to Simon Zekaria at simon.zekaria@wsj.com
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