Trending News

Blog Post


Infrastructure investor John Laing in talks with KKR for potential takeover supply By Reuters 

© Reuters. FILE PHOTO: Buying and selling data for KKR & Co is displayed on a display on the ground of the New York Inventory Trade (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid

(Reuters) -John Laing Group mentioned on Thursday it was in talks with KKR & Co (NYSE:) Inc concerning a potential takeover supply from the non-public fairness agency, sending the UK-based infrastructure investor’s shares up greater than 18%.

John Laing, initially into development earlier than shifting to investing in and managing greenfield infrastructure tasks worldwide, mentioned the deadline for KKR to announce a agency intention to make a suggestion was June 3.

KKR didn’t instantly reply to Reuters’ request for a remark.

Shares of John Laing jumped as a lot as 18.5% to 376.4 pence, their highest degree since January 2020, valuing the agency at about 1.86 billion kilos ($2.59 billion).

In March, the corporate reported a loss earlier than tax of 65 million kilos for the yr ending Dec. 31, 2020, in contrast with a lack of 95 million kilos a yr earlier, whereas internet asset worth per share slipped to 310 pence from 337 pence.

Final month, John Laing and Macquarie Capital mentioned they’d make investments 200 million kilos in retirement houses developed by McCarthy Stone to assist handle the undersupply of aged lodging in Britain.

($1 = 0.7195 kilos)

Disclaimer: Fusion Media want to remind you that the information contained on this web site will not be essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs should not supplied by exchanges however fairly by market makers, and so costs might not be correct and will differ from the precise market value, which means costs are indicative and never applicable for buying and selling functions. Subsequently Fusion Media doesn`t bear any duty for any buying and selling losses you may incur because of utilizing this information.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or harm because of reliance on the knowledge together with information, quotes, charts and purchase/promote alerts contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is without doubt one of the riskiest funding types potential.

Supply hyperlink

Related posts

Leave a Reply

Required fields are marked *