Infrastructure project manager John Laing Group has entered into an agreement to dispose of its investment in GGdansk Transport Company S.A. (GTC), the owner and operator of the A1 motorway project in Poland, to NDI Autostrada SP. Z.O.O. (NDIA), a different buyer than originally planned.

On 4 November 2016, John Laing announced that it had entered into an agreement to dispose of its 29.69% investment in GTC to FS Amber Holdings B.V. for €146.9 million (US$156 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, NDIA, John Laing entered into the 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.