15th Jun 2015 08:13
LONDON (Alliance News) - John Laing Group PLC Monday said the GBP60.7 million it committed to invest in the East West Link project, Melbourne, Australia is to be returned in full.
The news comes after the East West Connect consortium, in which John Laing Group has a 30% shareholding, reached a deal to allow the Victorian Government to acquire the East West Connect project companies for a nominal consideration.
John Laing ascribed no value to this project in its portfolio valuation at the end of 2014.
Shares in John Laing were down 0.4% at 225.00 pence on Monday morning.
By Samuel Agini; [email protected]; @samuelagini
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