Monday, 11 August 2014

Carillion's enthusiasm for Balfour Beatty

Construction group Carillion appears to be very keen to pursue a £3 billion merger with Balfour Beatty despite Balfour's intransigence towards a deal.

Here is a link to this morning's statement from Balfour Beatty outlining the reasons it rejected Carillion's latest proposal:

I wonder whether Carillion's enthusiasm for a combination with Balfour Beatty has anything do with the possibility of boardroom worries about interest from a Chinese suitor?

Well, at least that is what my sources tell me Carillion's long-term concern is: that one day a funny-named Chinese company will pitch up with an offer for the business (Carilllion that is - not Balfour Beatty).

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