Infrastructure investor expects to raise £130m through listing on the London stock exchange
Infrastructure investor John Laing Group has announced plans to float on the London stock exchange.
The group owns and manages a portfolio of infrastructure investments valued at £781m, comprising 44 PPP projects and renewable energy asssets in ten countries.
The firm hopes to raise £130m through flotation.
John Laing’s chairman Phil Nolan said: “John Laing has made significant progress as a private company, reshaping its business to focus purely on infrastructure activities, expanding internationally and establishing a sizeable third party fund management business.
“A move to public ownership and raising new capital, having secured a record volume of new investment commitments over the past year, represents a natural next step for the business.
“I believe that the group is well placed to take advantage of the opportunities that exist in its markets internationally.”