John Laing Infrastructure Fund Completion of Acquisition (7654E)

TIDMJLIF

RNS Number : 7654E

John Laing Infrastructure Fund

20 July 2016

John Laing Infrastructure Fund Limited ("JLIF")

Completion of Acquisition

JLIF, the FTSE 250 listed investment company, is pleased to announce that, in accordance with the agreement announced on the 5 May 2016, it has completed the acquisition of an additional 13.5% interest in the Barcelona Metro Stations Line 9 Section II project ("Section II") and a 13.5% interest in the Barcelona Metro Stations Line 9 Section IV project ("Section IV"). The interests were acquired from co-shareholder Acsa, Obras e Infraestructuras, S.A.U. ("Acsa"), a member of the Sorigué group.

The aggregate consideration was approximately EUR62.5 million. Given recent movements in currency exchange rates JLIF has funded the full consideration by drawing in Euros on its multi-currency revolving credit facility.

Andrew Charlesworth from John Laing Capital Management ("JLCM"), Investment Adviser to JLIF, said:

"These high quality assets increase JLIF's geographic diversification and provide it with long-term, low risk, government-backed revenues. We look forward to working in partnership with all stakeholders in the projects to ensure their continued success."

For further information, please contact:

   John Laing Capital Management                   020 7901 3326 

Andrew Charlesworth

   Finsbury                                                                   020 7251 3801 

Faeth Birch

Philip Walters

This information is provided by RNS

The company news service from the London Stock Exchange

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July 20, 2016 08:10 ET (12:10 GMT)