26th Mar 2014 11:17
LONDON (Alliance News) - John Laing Investments Ltd Wednesdays said it intends to sell up to 34.5 million shares in FTSE 250 John Laing Infrastructure Fund Ltd, representing a 4.5% stake in the company.
The placing is being conducted through an accelerated bookbuild, which was launched Wednesday.
J.P. Morgan Cazenove is the sole bookrunner.
JLIF Monday reported a slight dip in annual pretax profit, to GBP32.1 million in 2013 from GBP33.5 million in 2012.
JLIF shares were Wednesday quoted at 114.80 pence, down 1.3%.
By Samuel Agini; [email protected]; @samuelagini
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