John Laing Infrastructure Fund has announce that, in accordance with the agreement that it announced on the 5 May 2016, it has now completed the acquisition of an additional 13.5% interest in the Barcelona Metro Stations Line 9 Section II project (pictured) and a 13.5% interest in the Barcelona Metro Stations Line 9 Section IV project. The interests were acquired from co-shareholder Acsa, Obras e Infraestructuras, S.A.U., a member of the Sorigué group. The aggregate consideration was approximately €62.5 million and that company says that, given recent movements in currency exchange rates, it has funded the full consideration by drawing in Euros on its multi-currency revolving credit facility.
John Laing Infrastructure Fund adds to Barcelona line 9 holdings : JLIF