JLIF bidding for Balfour Beatty PPP assets
John Laing infrastructure has announced that it is considering bidding for Balfour Beatty’s PPP portfolio (all the public private partnership / public finance initiative type deals that Balfour Beatty has on its balance sheet). JLIF is thinking about offering c£1bn in cash for these and would raise fresh equity and debt to fund the deal.
Balfour says its is “open to value creation opportunities” and will wait to see John Laing Infrastructure’s detailed proposal.
Watch this space.