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IN BRIEF: Court sanctions KKR's takeover of John Laing Group

Tue, 21st Sep 2021 13:39

John Laing Group PLC - investor, developer and operator of privately financed, public sector infrastructure projects - Says court on Tuesday sanctions takeover scheme, in which John Laing is being bought by Kohlberg Kravis Roberts & Co LLP in a deal worth GBP2.0 billion. John Laing shares expected to be suspended on Wednesday and delisted on Thursday. The scheme will become effective upon the court order being delivered to the registrar of companies for England and Wales, which is expected to occur on Wednesday.

Current stock price: 402.40 pence

Year-to-date change: up 23%

By Lucy Heming;Â lucyheming@alliancenews.com

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