Infrastructure and construction investor John Laing saw its shares rocket 19.6% following confirmation that it is considering a possible takeover offer from private equity firm KKR.
John Laing recently made waves in real estate with a £200m commitment in partnership with Macquarie Capital to create the UK’s first senior living BTR vehicle. The business has set a deadline of June 3 for KKR to announce intention to make an offer.
It ended the trading today at 379.8p, the highest share price in the past year.
Elsewhere, flexible office provider Workspace recorded a 4.2% hike to 875p, following a positive update to the markets. Workspace reported lettings in March higher than pre-pandemic levels, despite occupancy of just 20%.
Other significant moves came from Landsec rising 2.2% and Crest Nicholson up 3.8% to 422.6p.
The FTSE 100 rose 0.5% to 7,067 and the FTSE 250 was uo 0.5% at 22,491.
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