26th Mar 2014 13:35
LONDON (Alliance News) - John Laing Investments Ltd Wednesday said it intends to sell up to a 4.5% stake in John Laing Infrastructure Fund Ltd.
In a statement, John Laing investments said it will sell up to 34.5 million John Laing Infrastructure Fund shares through an accelerated book building process, which involves a quick sale with little or no marketing.
It said it will make a further announcement once the bookbuild and pricing has been completed.
J.P. Morgan Cazenove has been appointed sole bookrunner for the placing.
John Laing Infrastructure Fund shares were down 1.5% at 114.584 pence Thursday afternoon, one of the biggest declines on the FTSE 250.
By Steve McGrath; [email protected]; @SteveMcGrath1
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