John Laing Infrastructure Fund Ltd Announces Acquisition Of Portfolio Of 11 Operational And Yielding Assets


Friday, 12 Jul 2013 02:00am EDT 

John Laing Infrastructure Fund Ltd announced that it has agreed the acquisition of a portfolio of 11 operational and yielding assets (the Portfolio), from Investors in the Community LP (IIC), for c. GBP123 million. The total consideration is consistent with the current valuations of similar projects in JLIF's portfolio and will be satisfied either wholly in cash or partly in cash and partly by the issue of new ordinary shares in JLIF. Any cash element of consideration will be funded by JLIF's existing bank facility. 

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