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

French construction companies Bouygues SA, in partnership with private-equity firm The Carlyle Group, and Vinci SA, together with U.K. regeneration specialist St Modwen Properties Plc, 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 withdrew from the bidding, the Financial Times reported, without attribution.

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