12 July 2014 | Industry News | thomas thomas
Balfour Beatty and Carillion, two of the UK’s largest multi-disciplinary rail service providers, are in talks over a potential merger valued in excess of £3 billion.
The two companies issued a joint statement following media speculation last night (July 24) confirming that the discussions were taking place.
Balfour Beatty’s and Carillion’s share prices have risen by 23pc and 35pc respectively since the news was broken.
In a statement the company’s said the merger “has the potential to create a market leading services, investments, and construction business of considerable depth and scale”.
Both Balfour Beatty and Carillion have agreed that the sale of Parsons Brinckerhoff will continue unaffected.