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February 13, 2016 5:16 PM ET

Construction and Engineering

Company Overview of Laing ORourke Corporation Limited

Company Overview

Laing O'Rourke Corporation Limited operates as an engineering and construction company worldwide. The company offers engineering and construction services to residential, commercial, mixed-use, schools, hospitals, water, transport, oil and gas, mining and materials handling, and power sectors. It also provides building and refurbishment services, including studies, design for manufacture and assembly service, remediation and enabling works, logistics management, integrated construction delivery, building technologies installation and testing, and building projects commissioning services, as well as constructs residential, commercial, and industrial buildings. In addition, the company constru...

Bridge Place 1 & 2

Anchor Boulevard

Crossways

Dartford,  DA2 6SN

United Kingdom

Founded in 1981

15,088 Employees

Phone:

44 13 2229 6200

Fax:

44 13 2229 6262

Key Executives for Laing ORourke Corporation Limited

Executive Chairman, Group Chief Executive Officer, Chairman of Executive Committee, Chairman of Human Capital Committee, Member of Audit Committee, Member of Safety & Sustainable Development Committee and Member of Strategy Committee
Age: 68
Group Finance Director
Chief Officer of Investments & Corporate Finance, Group Investment Director and Chairman of Investment Committee
Managing Director of Integrated Solutions
Managing Director of India Operations
Compensation as of Fiscal Year 2015.

Laing ORourke Corporation Limited Key Developments

Bouygues and Ferrovial Reportedly Eyes Asests of Laing ORourke

Bouygues SA (ENXTPA:EN) and Ferrovial, S.A. (CATS:FER) intends to acquire Australian operations of Laing ORourke Corporation Limited. Laing O'Rourke had three indicative approaches before Christmas, which triggered a move by the parent company to place the business on the block. Two of three bids are thought to be from Ferrovial and the third approach was from a party out of Asia. It is understood the parties have to appoint investment banking advisers. Laing ORourke has appointed HSBC for the sale process. It is understood that Laing O'Rourke has not officially fired the starting gun on the sales process, but talks have been in progress with interested parties for some time. Local groups are seen as less likely to be interested buyers in Laing O'Rourke as global groups, due to their operations overlap.

Laing ORourke Is Selling Australian Division

Laing ORourke Corporation Limited has put its Australia business up for sale following a review of operations. The decision to sell the Australian business is prompted by a desire to raise funds to prop up the European arm and exploit opportunities available. Chairman and Chief Executive Officer Ray O’Rourke said, “During the fourth quarter of 2015 the Laing O'Rourke Group Executive carried out a strategic review of its business portfolio, including options as to the allocation of capital over the remainder of this decade. This review was partially triggered following unsolicited approaches from a number of parties expressing interest in acquiring parts of our business, including our very successful Australian business. This is reflective of both the strength and attractiveness of this element of the group which, having performed well in recent years, is now strongly positioned in the emerging infrastructure market with blue-chip clients, a solid pipeline, a talented leadership team and great people. Accordingly a formal sale process will now commence, led by HSBC Investment Bank and supported by our other advisors."

Laing O'Rourke Announces Executive Changes

Laing O'Rourke announced that Anna Stewart will step down as Group Chief Executive with immediate effect due to ill health. Ray O'Rourke, Laing O'Rourke Group Executive Chairman, will now assume her responsibilities as Chief Executive Officer.

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