JLIF : John Laing raising cash to fund three acquisitions
John Laing Infrastructure is raising up to £50m via a tap issue of stock. The money will be used to fund three acquisitions it announced today. They are spending £39m on a 50% stake in the South East London Police Stations project (four South East London Police Stations in Lewisham, Sutton, Bromley and Deptford); a 40% shareholding in the Groningen Tax Office project in Holland (pictured); and a 100% shareholding in the North Birmingham Mental Health project, which comprises seven specialist mental healthcare facilities.