John Laing will sell the newly-created John Laing Environmental Assets(JLEA) three onshore wind farms totalling 44MW and two PV plants with acombined 25MW capacity, as well as a pair of waste management assets.

John Laing said it plans to take up to 24.9% of JLEA when it floats onthe London Stock Exchange.

The new investment group will have first call on certain John Laingenvironmental infrastructure assets once it has floated.

The latest divestment follows the 2010 launch of the John LaingInfrastructure Fund, which John Laing said had shown a total 33% return forshareholders by the end of last year.

Adrian Ewer, chief executive of John Laing,said: “John Laing has responded to the government’s increase in focus oneconomic infrastructure by developing its portfolio of assets...