John Laing RE fund seeks IPO

JLEA will seek an IPO in London

JLEA will seek an IPO in London

UK-based infrastructure specialist John Laing will float an environmental assets fund on the stock exchange after divesting a chunk of its existing wind and solar portfolio to the new entity.

John Laing will sell the newly-created John Laing Environmental Assets (JLEA) three onshore wind farms totalling 44MW and two PV plants with a combined 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 on the London Stock Exchange.

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

The latest divestment follows the 2010 launch of the John Laing Infrastructure Fund, which John Laing said had shown Log in to read complete article.

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login


Recharge Monthly Magazine