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Completion of acquisition

12th Oct 2012 07:00

RNS Number : 5443O
John Laing Infrastructure Fund
12 October 2012
 



12 October 2012

 

John Laing Infrastructure Fund Limited (the "Company" or "JLIF")

JLIF announces completed acquisition

Following its recent successful capital raise of £60.4 million, JLIF is pleased to announce that it yesterday completed the acquisition of an increased stake in the existing holding of Forth Valley Royal Hospital, valued at £30.0 million. The additional stake has taken JLIF's ownership to 100%. This is as outlined in the prospectus issued on 7th September 2012.

Andrew Charlesworth from John Laing Capital Management, Fund Manager to JLIF, said:

"We are delighted to announce the acquisition of the remaining stake in Forth Valley Royal Hospital. 100% ownership of this high quality asset offers an exciting development for the fund, and represents the second completed acquisition following the recent capital raise. We anticipate the acquisition of the remaining asset in this portfolio from John Laing, Pembury Hospital, to complete in the near future."

Contacts:

JLIF Investment Adviser Tel: 020 7901 3326

David Marshall

Andrew Charlesworth

 

RLM Finsbury Tel: 020 7251 3801

Faeth Birch

Philip Walters

This information is provided by RNS
The company news service from the London Stock Exchange
 
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