John Laing Group plc John Laing Group Update on A1 project in Poland (8757T)
11 January 2017 - 6:00PM
UK Regulatory
TIDMJLG
RNS Number : 8757T
John Laing Group plc
11 January 2017
John Laing Group ("John Laing") Update on disposal of
shareholding in A1 motorway project in Poland
11 January 2017
On 4 November 2016, John Laing Group plc ("John Laing"), the
international originator, active investor and manager of
infrastructure projects, announced that it had entered into an
agreement to dispose of its 29.69% investment in Gdansk Transport
Company S.A. ("GTC") to FS Amber Holdings B.V. ("FS Amber") for
EUR146.9 million (GBP131.0 million) subject to certain reductions
and adjustments. Completion of the sale was subject to obtaining
various consents and satisfying certain conditions.
Since that announcement, as a consequence of the exercise of
pre-emption rights by a co-shareholder in GTC, NDI Autostrada SP.
Z.O.O. ("NDIA"), John Laing has entered into an agreement to
dispose of its investment in GTC to NDIA, for the same price and on
the same terms as to potential reductions and adjustment to final
consideration as previously agreed with FS Amber.
Completion of the disposal to NDIA is subject to obtaining
certain consents and satisfying certain conditions and is expected
to occur within the first quarter of 2017.
Media enquiries:
Tom Randell, John Laing Group +44 20 7901 3545
James Isola, Robbie Hynes Maitland +44 20 7379 5151
This information is provided by RNS
The company news service from the London Stock Exchange
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