11th Apr 2014 06:44
LONDON (Alliance News) - John Laing Environmental Assets Group Limited said Friday it has completed the acquisitions of three projects as part of its initial portfolio set out in the IPO Prospectus.
The firm, which manages a balanced portfolio of environmental infrastructure projects, has acquired the Amber Solar, Castle Pill & Ferndale Wind and Bilsthorpe Wind projects from the John Laing Group.
The company said it has now completed six of the seven projects outlined in its initial portfolio in its IPO prospectus ahead of listing on the main market of the London Stock Exchange on Monday March 31, 2014.
The latest deals follow the acquisitions of the Dumfries & Galloway Waste project and the Hall Farm Wind project, also from John Laing Group, and the Tay Wastewater project from Henderson Secondary PFI Fund earlier this month, after its successful placing, offer for subscription and admission to the main market of the London Stock Exchange.
No financial details on the latest acquisitions were disclosed.
Looking ahead, the company said it expects to complete the acquisition of the final project in the initial portfolio, East London Waste Authority Waste in the near term.
Shares in John Laing Environmental Assets Group last traded at 99.5 pence per share.
By Alice Attwood; [email protected]; @AliceAtAlliance
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