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Balfour Beatty plans FM disposal

4 Feb 13 Balfour Beatty has confirmed that it is looking to sell its Workplace facilities management division.

The company has appointed Citigroup to advise on the sale, which could raise £250m, the Financial Times reported on Friday.

Balfour Beatty swiftly responded by issuing a statement confirming the story, saying that it was “exploring strategic options for this business in keeping with its strategy to focus on economic infrastructure�.

Financial information on the business has been sent to potential bidders, including private equity firms and other FM contractors.

Balfour Beatty WorkPlace accounts for £650m of the group’s £11bn revenue.

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