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Trading statements

John Laing in line with expectations

09 December 2016 07:16

John Laing Group, the international originator, active investor and manager of infrastructure projects, says primary investment activity has remained strong in each of its three geographical regions: Asia Pacific, North America and Europe (including the UK).

A pre-close update for the year ending 31 December says that the group's investment portfolio as a whole is performing in line with expectations.

Investment activity:

- Total investment commitments to date of £181 million, in line with guidance for 2016 - Investment commitments in 2016: * A6 Parkway (Netherlands): £9.0 million * Intercity Express Programme (IEP) Phase 1 (UK): £37.0 million * Eight wind farm investment commitments totalling £133.9 million in the UK, Germany, France, Australia and the US

Realisations: - Total realisations agreed in 2016 to date of £255 million, with aggregate prices achieved in line with portfolio valuation: * Sale of holdings in British Transport Police and Oldham Housing for £19.5 million (counted towards realisations guidance for 2015) * Proceeds from a further three completed transactions of £56.4 million * Agreed sale of 100% holding in A55 road, UK for £28.3 million to JLIF, expected to complete shortly * Agreed sale of 30% holding in M6 road, Hungary for €26.6 million (estimated £22.5 million), not expected to complete until Q1 2017. This transaction is subject to a number of consents and conditions * Agreed sale of 29.69% holding in A1 motorway, Poland for €146.9 million (estimated £128.6 million), not expected to complete until Q1 2017. This transaction is also subject to a number of consents and conditions

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Related Company: JLG

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