John Laing Group plc John Laing Group Update on A1 project in Poland (8757T)

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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         [phone] 
 James Isola, Robbie Hynes Maitland    [phone] 
 

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January 11, 2017 02:00 ET (07:00 GMT)