(Reuters) - John Laing Infrastructure Fund (JLIF) JLIF.L said on Friday it will be acquired by a consortium of funds for about 1.4 billion pounds.
JLIF, one of Britain’s biggest listed investors in public infrastructure projects, said last month that it was in buyout talks with a consortium that included Dalmore Capital and Equitix Investment Management acting as managers on behalf of certain funds.
The all-cash offer values JLIF at 142.5 pence, the company said. The offer represents a premium of about 2 percent to JLIF’s share price at the close of trade on Friday.
Reporting by Philip George in Bengaluru; Editing by Susan Fenton
Our Standards: The Thomson Reuters Trust Principles.