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.