Infrastructure investor John Laing Group rocketed after it became the latest London-listed company to be approached about a private equity takeover. The firm is in talks with American behemoth KKR about a possible offer. KKR has until June 3 to confirm if it will put forward an official bid.
John Laing is a major infrastructure investor and quoted on the FTSE 250.
It has financed projects such as wind and solar farms, roads in Colombia, a huge sports stadium in Western Australia and a New Zealand prison to name but a few.
The approach underlines the interest in London Stock Exchange-listed companies from private equity firms since the pandemic hit.
Many are hoping to pick up a bargain after turbulent stock markets hammered the share prices of companies large and small last year.
Source: This Is Money
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