"An unlisted Macquarie Bank fund has taken an 8.3 per cent stake...

"An unlisted Macquarie Bank fund has taken an 8.3 per cent stake in engineering services and waste management company GRD. Macquiarie joins Investors Mutual and Schroder Investment Management as major shareholders. GRD is shortlisted for two multi-billion contracts in the UK".

Not sure which contracts they are referring to here - assume it means two contracts in addition to Lancashire, as GRD is already preferred bidder, and almost at financial close. Perhaps two other projects are on the go...