French Builders Bid for London Project on Barratt Exit, FT Says

French construction companies Bouygues SA (BOUY), in partnership with private-equity firm The Carlyle Group, and Vinci SA (DG), together with U.K. regeneration specialist St Modwen Properties Plc (SMP), are competing for a 1 billion-pound residential project at the 57-acre New Covent Garden Market in south London, after U.K. builder Barratt Developments Plc (BDEV) withdrew from the bidding, the Financial Times reported, without attribution.

To contact the reporter on this story: Blanche Gatt in London at bgatt@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

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