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Company John Laing Infrastructure Fund
TIDM JLIF
Headline

Completion of acquisition

Released 07:00 18-Jan-2013
Number 8318V07

RNS Number : 8318V
John Laing Infrastructure Fund
18 January 2013
 



18 January 2013

 

John Laing Infrastructure Fund Limited


John Laing Infrastructure Fund Limited (the "Company" or "JLIF"), the listed infrastructure investment company, is pleased to announce the acquisition of:

1)   An additional 9% stake in the E18 road, for a consideration of €3.15m

2)   An additional 7.5% stake in the Cleveland Police HQ project, for a consideration of £0.43m

 

The acquisitions, which are sourced from co-shareholders and completed on 17 January and 19 December respectively, take JLIF's total ownership of each asset to 50%.

 

Andrew Charlesworth from John Laing Capital Management, Fund Manager to JLIF, said:

 

"We are delighted to announce the acquisition of additional stakes in these high quality operational assets. Today's announcement reflects the increasing number of stakes and assets in the JLIF portfolio sourced from the secondary market. JLIF has now acquired 10 such investments, and in an active secondary market, continues to seek new opportunities for acquisition from both John Laing and the wider market."

 

Contacts:

JLIF Investment Adviser           Tel: 020 7901 3326

David Marshall

Andrew Charlesworth

 

RLM Finsbury                           Tel: 020 7251 3801

Faeth Birch

Philip Walters

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Completion of acquisition - RNS