26th Mar 2014 15:54
LONDON (Alliance News) - John Laing Investments Ltd Wednesday said that it has successfully sold its 4.5% stake in John Laing Infrastructure Fund Ltd.
In a statement early Wednesday, John Laing Investments said it would 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 appointed J.P. Morgan Cazenove as sole bookrunner for the placing.
John Laing Investments said Wednesday afternoon, that it has now sold its stake, and no longer holds any shares in John Laing Infrastructure Fund Ltd.
John Laing Infrastructure Fund shares were down 1.5% at 114.59 pence Wednesday afternoon, one of the biggest decliners on the FTSE 250.
By Steve McGrath; [email protected]; @SteveMcGrath1
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