Construction group Balfour Beatty is set to return capital to shareholders through a £150m share buyback programme.
The company has appointed its corporate brokers to buy back up to 63,940,526 of its shares between now and the end of the year.
Balfour Beatty said the buyback price would be no higher than 105% of the average middle-market closing price over the five days prior to each purchase.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
A local private investor has snapped up the multi-let office for £6.1m
Agency sees group-wide rises for leasing and capital markets revenue
The refurb is set to deliver 250,000 sq ft of office space at 125 Shaftesbury Avenue
Fund house picks up city site from Nuveen
