O’Rourke gifts business £58m loan as contractor completes refinancing

By Dave Rogers2021-10-21T05:00:00

13Dec19RayORourkePowell-9.5.18-Laing O'Rourke-3

Source: M

Chief executive and brother make move as part of refinancing completed earlier this month

Brothers Ray and Des O’Rourke have gifted Laing O’Rourke more than £58m in loans built up over the years as part of a refinancing deal agreed earlier this month.

The pair are the sole shareholders of the country’s biggest private contractor which is celebrating its twentieth anniversary this month, two decades on from the transformational deal which saw their concrete business buy up one of the country’s marquee contracting names, Laing Construction, for £1.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community