Strategic business pillar
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New platform; Gammon is its first major acquisition
Balfour Beatty has sold its half of Gammon Construction, the Hong Kong contractor it co-owned with Jardine Matheson since 2004, for £250 million ($331 million). The deal, completed October 13, makes Jardine Matheson the sole owner of a business it has held a stake in since 1969.
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