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John Laing is conducting a strategic review of its Laing Rail business, which could lead to the sale of the subsidiary that operates the Chiltern Trains and London Rail services. 12-Jul-2007 Viridor Waste Management and John Laing have won a £3bn 25-year contract to provide waste disposal services in Greater Manchester, which will involve an investment of about £300m. 30-Jan-2007 John Laing, the construction group with a portfolio of 50 PFI and PPP projects, has accepted a £957m takeover offer from Allianz of Germany. 30-Oct-2006 John Laing is to sell stakes in four PFI projects to Allianz PFI Holdings (Jersey) for an initial £23m, including the Gravesend Firearms Training Centre, South East London Police Stations, Greater Manchester Police Stations and the Durham & Cleveland Firearms Training Centre. 08-Dec-2005 John Laing, the developer of public sector infrastructure projects with a market capitalisation of £795m, has received a takeover approach from an unnamed company. 05-Dec-2005 John Laing is to raise £100m in a rights issue to fund new private finance initiative projects in the UK and abroad. 02-Jun-2005 John Laing has formed a joint venture with Commonwealth Bank of Australia, in order to invest in hospital and road projects in the UK under the name of Laing Commonwealth Bank. 30-Jun-2004 John Laing has been selected as preferred bidder for healthcare projects worth £1.35bn, including the redevelopment of St Bartholomew's and Royal London hospitals in London and two projects in Staffordshire. 15-Dec-2003 John Laing has raised £20m from the sale of its investments in Adelaide Airport and Northern Territory Airports in Australia. 20-Nov-2003 John Laing has sold its John Laing Partnership homes businesses to management for £16m, and has also announced that it has been appointed preferred bidder for the Greater Nottingham NHS LIFT project. 26-Sep-2003 John Laing has sold Beechcroft Developments, its retirement home construction business, to a management buy-out backed by Bank of Scotland for £34m. 06-May-2003 John Laing is looking to raise up to £60m from the sale of its remaining housebuilding operations, including Beechcroft Developments and Laing Partnership. 20-Mar-2003 Amey has selected John Laing as preferred bidder for its portfolio of PFI investments, and negotiations are taking place for the development of a strategic partnership between the two companies. 20-Nov-2002 John Laing has sold its Holloway White Allom building restoration division to a management team for £5m. 07-Nov-2002 John Laing is to sell its housebuilding division to George Wimpey for £297m, as part of a strategy to focus on private finance initiative projects. 17-Oct-2002 John Laing is planning to focus on its infrastructure investment business, prompting speculation that its housebuilding division could be sold for about £300m. 16-May-2002 John Laing has sold its property development business to a joint venture of Kier Group and Bank of Scotland for £40m, as part of a £120m disposal programme to reduce debt. 16-Apr-2002 John Laing is planning to vacate its Mill Hill headquarters in north London next year, and will be looking for smaller premises in London. 20-Dec-2001 John Laing is in talks to sell its property division, in order to raise about £50m. 20-Nov-2001 John Laing has sold its contracting business to O'Rourke for a nominal sum, and has also announced plans to raise £73m in a rights issue. 28-Sep-2001 John Laing is planning to sell its 50% stake in WL Homes, the US housebuilder, to an unnamed company for more than £100m. 21-Jun-2001 John Laing is to build a £55m gun training camp in Gravesend for the Metropolitan Police, which will include urban landscapes and accommodation for 302 officers. 23-Apr-2001 John Laing has announced that O'Rourke of Essex is the preferred bidder for its lossmaking construction division. 03-Apr-2001 John Laing is to acquire Hyder Investments for £90m, which includes a portfolio of road projects, a stake in the Docklands Light Railway and the company rebuilding the Ministry of Defence in Whitehall. 30-Jan-2001 John Laing is looking to sell its 50% stake in WL Homes, its US homes joint venture with Watt Residential Partners. 01-Dec-2000 John Laing is putting its construction division up for sale, in order to focus on housing, property and investments. 16-Nov-2000 John Laing is to close its Belfast office later this year with the loss of up to 50 jobs. 02-Jun-2000 John Laing has acquired Beechcroft, the developer of retirement homes, for £9.6m. 20-Jan-2000 John Laing is to cut 850 jobs in its construction division and aims to reduce its exposure to low-margin high-risk projects. 28-Oct-1999 Chiltern Railways has agreed to consider upgrading a further nine miles of track south of Birmingham in return for regulatory approval to allow John Laing to acquire control of the rail franchise. 10-Mar-1999 John Laing is planning to increase its stake in Chiltern Railways from 26% to 84% in a £6m deal, as part of a strategy to increase its involvement in the transport sector. 22-Jan-1999 John Laing is to merge its building, management contracting and civil engineering divisions in order to save about £7m a year, and is making a £26m provision to cover losses on building the new national stadium in Wales. 27-Oct-1998 John Laing Property has won approval from Plymouth City Council to redevelop 27 acres of land at Derriford, including retail units, a garden centre, restaurant, pub and fast-food unit. 12-Oct-1998 John Laing has formed a joint venture company with Hyder called Laing Hyder, which will bid for private finance initiative building and accommodation projects. 07-Sep-1998 John Laing has paid £11m to acquire a 14.5% stake in Adelaide Airport, the consortium that has won a concession to operate two airports in South Australia. 27-Mar-1998 John Laing is to merge its two US housebuilding operations into a joint venture with Watt Residential Partners of the US, and the combined business will be floated within three years. 19-Mar-1998 The Octagon Healthcare consortium has won a £214m contract to design, build and part-operate the Norfolk and Norwich Hospital, with John Laing responsible for construction and Serco providing facilities management. 12-Jan-1998 Norfolk and Norwich hospital trust has finalised the commercial arrangements for the construction of a £193m, 809-bed hospital, which will be built by a consortium including John Laing and General Healthcare using the government's private finance initiative. 26-Nov-1996 West Midlands Travel has acquired a stake in the £145m Midland Metro project, along with John Laing and Ansaldo Transporti of Italy, which will provide a tram system in Birmingham. 17-Oct-1996 Octagon Health Care, a consortium comprising John Laing and Generale des Eaux, is expected to win a £170m contract to build and operate a district general hospital in Norwich on behalf of Norfolk and Norwich NHS Trust. 14-Oct-1996 Costain, Laing, Tarmac and Alfred McAlpine are trying to bring about the merger of the three main construction industry trade organisations, in order to give them a stronger voice. 20-Aug-1996 The preferred bidder for the Chiltern Railway network is a management team, with support from 3i and John Laing. 11-Jun-1996 John Laing has won a £100m contract from the National Superdrome company to build a major sports and conference centre in Bradford, which will include a 65,000 seat stadium. 20-Apr-1996 John Laing is planning a US stock market flotation for its loss-making Californian housebuilding business, assuming it can improve profitability first. 22-Mar-1996
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