Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 4 December 2015, Balfour Beatty sold 33.3% of its interest in the Greater Gabbard Offshore Transmission (OFTO) project to funds managed by Equitix for a cash consideration of GBP 25.5 million. The transaction reduced Balfour Beatty’s holding in the OFTO while bringing Equitix, an infrastructure fund manager, in as an equity investor in the Greater Gabbard offshore transmission assets, which comprise one onshore and two offshore substations and over 150 km of subsea cable.