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May 17, 2008
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Balfour Beatty completes Gammon purchase
Published:  August 09, 2004

Balfour Beatty announced today that it has completed the acquisition of Skanska’s 50% interest in Gammon, the Hong Kong-based construction company. The deal was first unveiled in May and Balfour Beatty has now paid US$60.9 million in cash for Skanska’s interest in Gammon, following a period of due diligence. Jardine Matheson owns the other 50%.