Jardine Matheson Holdings

Stories

Balfour Beatty sells Gammon Construction stake to Jardine Matheson

Buyer of 50% Gammon stake; now sole owner

Balfour Beatty has sold its half of Gammon Construction, the Hong Kong contractor it co-owned with Jardine Matheson since 2004, for £250 million ($331 million). The deal, completed October 13, makes Jardine Matheson the sole owner of a business it has held a stake in since 1969.

Updated Oct 18

Jardine Matheson buys Australia's I-MED Radiology in $2.4 billion deal

Money Moves

As of May 2026: Buyer; expanding into healthcare diagnostics

Jardine Matheson, the 193-year-old Hong Kong trading house, agreed to buy I-MED Radiology Network from London private equity firm Permira for US$2.4 billion. The all-cash deal hands Jardines control of 215 clinics across Australia and New Zealand that run more than 7 million scans a year.

Updated May 26