It looks like your browser is not up to date.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

John Laing gets approvals for Colombia road project investment

Fri 14 May 2021 08:38 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(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 value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.

    More company news from ShareCast