United Kingdom, Oct. 13 -- Balfour Beatty plc ("Balfour Beatty" or the "Group") announces that it has sold its 50% shareholding in Gammon Construction ("Gammon"), the Hong Kong based contractor, to a wholly-owned subsidiary of Jardine Matheson Holdings Limited ("Jardine Matheson"), its joint venture partner, for a total cash consideration of £250 million (the "Transaction").Highlights In line with the Evolve, Energise and Explore strategic framework, the Transaction will enable the Group to focus further on its core US and UK geographiesA natural conclusion to a successful partnership, enabling Jardine Matheson as 100% owner to fully apply their local market presence and expertise to Gammon going forwardsTotal cash consideration payabl...