Balfour Beatty, the international infrastructure group, has announced this morning that it has completed the sale of two of its UK PPP concessions.
The company has sold its entire 50% interest in Aberdeen Environmental Services (Holdings) Limited to the other shareholder of AES - Kelda Non-Reg Holdco Limited, an affiliate of Kelda Water Services Limited. Balfour Beatty has also disposed of a 23.9% interest it had in Consort Healthcare (ERI) Holdings Limited to ERI Holdings Limited - the other shareholder of ERI and wholly-owned by Barclays Integrated Infrastructure Fund.
Kelda and ERI Holdings Limited purchased the interests in AES and ERI respectively by exercising their rights of pre-emption which were triggered by the agreement between Balfour Beatty and AMP Capital Investors Limited dated 4 March 2010 to sell the 50% interest in AES and the 23.9% interest in ERI for an aggregate consideration of £24.3 million.
The disposals will generate an aggregated profit of c.£21 million.
ABB has launched AquaMaster+™, a digital platform for smart water network management, designed to help water utilities monitor, analyze and manage their water networks, preventing pipeline water losses and optimizing operations.
Craig Nienaber, Business Development Manager for Safe Access Solutions (SAS) at HUBER Technology, explores why the company is seeing a growing level of interest in its safe access solutions for critical infrastructure providers, including their application in wastewater treatment assets.
Albion Water, the first NAV (New Appointment & Variation) to have been established in1999 and now under the ownership of SDS Water Group, has appointed Andy Holland as its new Director of Business Development.
UK water companies are invited to join an upcoming webinar which will explore how the sector can take indirect potable reuse (IPR) from concept to full-scale operational reality.
Southern Water has released film and images showing what it’s like to walk inside Hampshire’s expanded Yew Hill underground reservoir for the very last time, before it gets filled with water.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.