John Laing sells stake in Welsh wind farm for £43m
John Laing Group
402.60p
17:04 21/09/21
0.00%
0.00p
John Laing Group said it had sold its 100% investment in Llynfi Wind Farm in Wales to John Laing Environmental Assets Group for £43m before costs.
Financial Services
16,492.39
15:44 15/11/24
-0.24%
-40.16
FTSE 250
20,508.75
15:45 15/11/24
n/a
n/a
FTSE 350
4,453.56
15:45 15/11/24
n/a
n/a
FTSE All-Share
4,411.85
15:45 15/11/24
n/a
n/a
The company said group realisations for 2017 were now at £299m, adding that it expected no more for the year.
Chief executive Olivier Brousse said Laing continued to take advantage of strong demand for operating assets in order to fund its pipeline of “attractive investment opportunities”.
“As re-iterated in our pre-close update last week, our special dividend is based on realisations, and these are well ahead of the guidance of approximately £200m we gave earlier in the year."