August 3, 2018 / 7:07 PM / 4 months ago

Fund consortium to buy John Laing Infrastructure for $1.8 billion

(Reuters) - John Laing Infrastructure Fund (JLIF) JLIF.L said on Friday it will be acquired by a consortium of funds for about 1.4 billion pounds.

JLIF, one of Britain’s biggest listed investors in public infrastructure projects, said last month that it was in buyout talks with a consortium that included Dalmore Capital and Equitix Investment Management acting as managers on behalf of certain funds.

The all-cash offer values JLIF at 142.5 pence, the company said. The offer represents a premium of about 2 percent to JLIF’s share price at the close of trade on Friday.

Reporting by Philip George in Bengaluru; Editing by Susan Fenton

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