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It has offered a cash sum of [pounds sterling]1bn for the assets, which together make up approximately two thirds of Balfour Beatty's overall value.
Balfour Beatty troubles have been centred around Balfour's UK construction and engineering services operation due to the impact of design changes, project delays and contractual disputes.
This year, Balfour Beatty has issued three profits warnings and its shares have fallen by more than a third.
Executive chairman Steve Marshall commented "This sale represents a significant return on Balfour Beatty's investment and a compelling level of value creation for shareholders.
Merger talks between Balfour Beatty and Carillion collapsed in August after Balfour's board refused to ditch plans to sell a US unit as Carillion had wanted.
5 per cent in Balfour's favour but stated Balfour Beatty shareholders would receive the final dividend payment for 2014.
6, 2013 /PRNewswire/ -- Sevan Multi-Site Solutions and Balfour Beatty Construction today announce that Sevan Multi-Site Solutions has acquired full ownership of the Balfour Sevan, LLC joint venture from Balfour Beatty Construction.
Investec analyst Andrew Gibb said: "In our view, Carillion's merger looks compelling and far more attractive than relying on a management team at Balfour Beatty that has presided over shareholder value destruction in the past few years.
Balfour has so far rejected Carillion's advances, describing its approach as "opportunistic" and insisting that it had a "clear standalone plan for delivering value".
Balfour is a premier provider of school spirit and recognition products for students, military personnel and professional sports teams nationwide.
Balfour had reservations about Britain being given the Mandate and was at one time anxious to get the Americans to take over control of the country and even suggested that efforts should be made to bring France into the discussions.
After 31 years of working as a teacher, principal and in different administrative positions from San Diego to Modesto, Balfour is returning to the area.
The focus, others explained, was ensuring they were right that Balfour was, in fact, the killer.
GAZA, April 15 (KUNA) -- The UK has decided to send Israel the original copy of the Balfour Declaration, which was issued in 1917, Israel Radio said on Monday.
Balfour Beatty Communities, LLC, a leading provider of property management, development and related real estate services for the multifamily, military, and student housing markets, was recognized for outstanding service in its Navy Southeast military housing portfolio with the prestigious CEL & Associates 2012 Crystal Award.