Balfour Beatty to dispose of public partnership asset for 61.5 mln pounds

LONDON, Oct 2 (Reuters) - British infrastructure firmBalfour Beatty said on Thursday it would dispose of its50 percent stake in a public-private partnership for 61.5million pounds ($100 million).

The company's board said the amount it had received for itspartnership of a West Yorkshire hospital had "exceeded" itsexpectations and had generated a gain on disposal of 42.2million pounds.

Balfour, which rejected the merger advances of its UK rivalCarillion for the third time in August, issued itsthird profit warning on Monday, blaming increased losses on themismanagement of a number of UK contracts. (1 US dollar = 0.6168 British pound) (Reporting by Li-mei Hoang; Editing by David Holmes)

Carillion Plc