Balfour Beatty has raised more than £21m through the sale of its PPP stakes in Aberdeen Environmental Services and Consort Healthcare
AES was set up as a joint venture between Kelda Water Services, Balfour Beatty and Earth Tech, to manage the design, build, finance and operation of four water treatment works in north-east Scotland. Balfour Beatty has sold its 50% interest in it to Kelda Non-Reg Holdco, an affiliate of Kelda Water Services.
Consort Healthcare provides serviced healthcare accommodation under PFI and includes schemes such as the Birmingham New Hospitals project, Queens Park hospital in Blackburn and Hope hospital in Salford. Balfour has sold a 23.9% interest in it to ERI Holdings, which is the other shareholder.