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Completion of Acquisition

22 Jan 2015 07:00

RNS Number : 7971C
John Laing Infrastructure Fund
22 January 2015
 

John Laing Infrastructure Fund Limited

Completion of Acquisition

JLIF, the FTSE 250 listed infrastructure investment company, is delighted to announce it completed yesterday the acquisition of the remaining 20% stake in the Kirklees Social Housing project, following the fund's initial acquisition in December 2014. This takes JLIF's total shareholding in the asset to 100%.

Andrew Charlesworth from John Laing Capital Management ("JLCM"), Investment Adviser to JLIF, said:

"Today's announcement further demonstrates JLIF's focus on creating value for investors, through opportunities in acquiring additional stakes in projects following the initial investment. As we noted back in December, this asset is low risk and fully operational, in line with our investment criteria."

 

For further information, please contact: 

JLCM 020 7901 3326

David MarshallAndrew Charlesworth

 

Finsbury 020 7251 3801

Faeth BirchPhilip Walters

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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