John Laing acquires and sells more assets in 2018 than expected

Writer, Stock Market Wire
Wednesday, January 16, 2019 - 13:09

Infrastructure investor John Laing Group said it invested more capital than expected in calendar 2018 after wrapping up two commitments sooner than planned.

Total investment commitments for the year through December amounted to £302m, up from most recent guidance of £267m plus a potential £20m-to-£30m more.

The two extra commitments included £19m into Australia's Cherry Tree wind farm and £16 into the UK's Buckleberry solar farm.

John Laing also said it expected total asset realisations for the year to reach a higher-than-expected £296m after it closed the sale of its shareholding in Manchester Waste.

The special dividend for 2018 would be based on the realisations figure, though the company said the revised proceeds level was not expected to result in a materially different level of special dividend.

At 1:09pm: (LON:JLG) John Laing Group Plc share price was -0.8p at 344p

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