London, 15 October 2026 – Hogan Lovells Cadwalader has advised Balfour Beatty plc (“Balfour Beatty”) on the £250 million sale of its 50% shareholding in Gammon Construction (“Gammon”) to its joint venture partner, Jardine Matheson.
The transaction sees Balfour Beatty exit its long-standing joint venture with Jardine Matheson, which dates back to 2004, with Jardine Matheson taking full ownership of Gammon. Gammon is a leading Hong Kong-based contractor, with strong capabilities across civil infrastructure and building construction.
The transaction was led by corporate partner Dan Simons.
Commenting on the transaction, Dan said: “We are delighted to have advised Balfour Beatty on this significant transaction. It has been a pleasure working with the Balfour Beatty team on the successful completion of the sale, which marks an important milestone for the business and will enable Balfour Beatty to focus further on its core US and UK geographies.”
The Hogan Lovells Cadwalader core corporate team supporting Dan Simons in London were Scott Prior (senior associate), Wilson Pek (senior associate), Sonia Doal (trainee) and Jake Robins (trainee), and in Hong Kong were Shaohui Jiang (partner), Michael Wong (partner), Aldo Boni De Nobili (counsel), Alice Ma (counsel) and Amanda Liu (senior associate).
Additional specialist support in London was provided by Tom Eyre-Brook (partner) and Max Oliver (associate) on tax; Richard Welfare (partner) and Jenni Crust (senior associate) on SOAR; and Charlie Shute (counsel) on insurance.
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