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Company News

John Laing to sell stake in InterCity Express Programme Phase 2 for $545.9 mln

Sept 18 (Reuters) - Infrastructure investor John Laing Group said on Friday it would sell its 30% interest in the InterCity Express Programme Phase 2 to infrastructure investment platform AIP Management P/S for 421 million pounds ($545.9 million).

The company said the deal value represents a strong uplift on John Laing’s valuation of 333 million pounds as at June 30. ($1 = 0.7712 pounds) (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Anil D’Silva)

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