John Laing Infrastructure Fund Completion of Acquisition (7654E)
July 20 2016 - 7:10AM
UK Regulatory
TIDMJLIF
RNS Number : 7654E
John Laing Infrastructure Fund
20 July 2016
John Laing Infrastructure Fund Limited ("JLIF")
Completion of Acquisition
JLIF, the FTSE 250 listed investment company, is pleased to
announce that, in accordance with the agreement announced on the 5
May 2016, it has completed the acquisition of an additional 13.5%
interest in the Barcelona Metro Stations Line 9 Section II project
("Section II") and a 13.5% interest in the Barcelona Metro Stations
Line 9 Section IV project ("Section IV"). The interests were
acquired from co-shareholder Acsa, Obras e Infraestructuras, S.A.U.
("Acsa"), a member of the Sorigué group.
The aggregate consideration was approximately EUR62.5 million.
Given recent movements in currency exchange rates JLIF has funded
the full consideration by drawing in Euros on its multi-currency
revolving credit facility.
Andrew Charlesworth from John Laing Capital Management ("JLCM"),
Investment Adviser to JLIF, said:
"These high quality assets increase JLIF's geographic
diversification and provide it with long-term, low risk,
government-backed revenues. We look forward to working in
partnership with all stakeholders in the projects to ensure their
continued success."
For further information, please contact:
John Laing Capital Management 020 7901 3326
Andrew Charlesworth
Finsbury 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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