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Balfour Announces Acquisition of Hotel Construction and Fit-Out Firms

Balfour Beatty, the international infrastructure group operating in construction services, professional services, support services and infrastructure investments, announces today that it has acquired Multibuild Hotels and Leisure Ltd and Multibuild Interiors Ltd, based in Stockport, specialising in the construction and fit-out of hotel and leisure facilities.

The companies have been acquired from Multibuild Holdings Ltd for a cash consideration of £1.9 million.

Involvement in the construction and fit-out of hotels, and other leisure facilities, including cinemas and casinos, will give Balfour Beatty exposure in the wider fit-out market and to customers including Whitbread, Rank and Odeon.

Source: http://www.balfourbeatty.com/

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