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John Laing gets approvals for Colombia road project investment
14th May 2021 08:38
(Sharecast News) - Infrastructure project investor John Laing Group announced on Friday that all necessary approvals had now been obtained for the availability-based Colombian road public-private partnership (PPP) project, Pacifico 2.
The FTSE 250 company said that as a result, it has achieved financial close on the project.
"The group has acquired a 21.15% interest in Pacifico 2 from Construcciones El Condor for a total consideration of COP 151bn (£29m)," the board said in its statement.
At 0821 BST, shares in John Laing Group were up 0.28% at 361.2p.
The FTSE 250 company said that as a result, it has achieved financial close on the project.
"The group has acquired a 21.15% interest in Pacifico 2 from Construcciones El Condor for a total consideration of COP 151bn (£29m)," the board said in its statement.
At 0821 BST, shares in John Laing Group were up 0.28% at 361.2p.