Balfour Beatty investors OK WSP's purchase of Parsons Brinckerhoff
Shareholders of Balfour Beatty Plc have given their approval to the sale of the company's subsidiary Parsons Brinckerhoff to WSP Global Inc (TSX: WSP). As reported by Reuters in September, the US$1.24 billion deal is intended to increase the Montréal-based WSP's footprint in the U.S. transportation sector. The Caisse de dépôt et placement du Québec and Canada Pension Plan Investment Board (CPPIB), which are long-time investors in WSP, are providing $400 million to fund the acquisition. It is expected to close in the fourth quarter.
28 October 2014•3 mins read
