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Deals Rumor Mill: The British Are Coming

By Liz Hoffman (May 29, 2013, 8:36 PM EDT) -- British infrastructure investor Balfour Beatty PLC is shopping for buyers for its 60 percent stake in the Exeter International Airport in southern England, according to industry tracker Sky News. The company wrote down the investment from £12 million ($18.2 million) to zero in August, citing falling passenger numbers. Exeter would be the latest British hub to hit the auction block, though its sale is unrelated to the stakes in Stansted and Gatwick airports that operator BAA Airports Ltd. had been forced to unload by the U.K.'s competition regulator. ...

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