26th Mar 2014 13:11
LONDON (Alliance News) - John Laing Environmental Assets Group Ltd Wednesday raised GBP160 million in its initial public offering, money it will invest in a renewable energy and waste and waste water assets.
In a statement, the company said the money will be used to acquire an initial portfolio with interests in a solar project, three onshore wind far, projects, two waste processing projects and a wast ware treatment project.
John Laing Investments Ltd will hold 39.7% of the voting rights attached to John Laing Environmental Assets Group's shares after the issue.
John Laing Environmental Assets Group's shares are expected to start trading March 31.
By Steve McGrath; [email protected]; @SteveMcGrath1
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