One of Britain’s leading quoted infrastructure funds has indicated that it will sell itself to two unlisted rivals after months of anxiety over Labour’s putative plans to renationalise privatised public assets and amid the fallout from the failure of Carillion.
John Laing Infrastructure Fund, an investor in the operation of £1.2bn of mature private finance initiative and public private partnership schemes, said that it was “minded to recommend” a £1.45bn takeover from Dalmore Capital and Equitix Investment Management.
The news sent shares in the fund up by nearly a fifth, or 21½p, to 139½p yesterday, close to an all-time high.
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