Construction industry | The Guardian
Balfour Beatty under pressure to reopen £3bn merger talks with Carillion
Representatives from both construction firms try to broker peace deal, after merger negotiations broke down in July
Carillion is pressing Balfour Beatty to reopen the merger talks that would create a £3bn construction giant with peace envoys from the companies holding make-up talks last week.
Balfour Beatty, which is behind major projects such as the redevelopment of London's landmark Battersea power station, aborted the days old talks with Carillion at the end of July blaming its "wholly unexpected" demand that it hang on to Parsons Brinckerhoff, the US engineering and design business, it put up for sale in May. Balfour said retaining the US business was not part of the plan that was the basis for the talks and the change in terms was "not acceptable".
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