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Name | Symbol | Market | Type |
---|---|---|---|
Babcock International Group PLC (PK) | USOTC:BCKIY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.97 | 5.99 | 6.85 | 31 | 21:07:30 |
LONDON--Costain Group PLC (COST.LN), a U.K. engineering solutions provider, said Wednesday it has been awarded a 48 million pound contract with Network Rail for Phase Three of the West Coast Power Supply Upgrade, which is part of a GBP300 million investment by Network Rail in power upgrade.
MAIN FACTS:
-Project will be delivered by ABC Electrification, a joint venture between Costain, Alstom SA (ALO.FR) and Babcock International PLC (BAB.LN).
-Work will start in early 2013 and is expected to complete in 2016.
-Costain shares closed Tuesday at 256 pence valuing the company at GBP167.79 million; Babcock shares closed at 989 pence valuing the company at GBP3.56 billion.
-Write to Ian Walker at ian.walker@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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