Cloud over Costain after Skanska deal

Article Abstract:

The effect of Skanska's takeover of Kvaerner's construction division on the building firm Costain is examined. Skanska, which has a 7.6% stake in Costain, plans to use the deal as a basis for expansion in the UK and Asia.

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O'Rourke to get 60m pounds sterling sweetener for Laing

Article Abstract:

Issues are presented concerning the sale of the construction company Laing Construction to the subcontractor Ray O'Rourke for between 70- and 80-million pounds sterling. Industry reaction to the deal is discussed.

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Bovis knocked down to a bargain basement 285 million pound sterling

Article Abstract:

UK city analysts believe construction firm Bovis has been undervalued and bought for an unrealistically low price by Australian development Lend Leasein October 1999. Bids for Bovis made during 1998 topped the 300 million pounds sterling mark, although Lend Lease eventually paid 285 million pounds sterling, resulting in experts putting a final price on Bovis of 250 million pounds sterling.

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