first_imgSunday 3 October 2010 11:01 pm Tags: NULL whatsapp CONSTRUCTION company John Laing is believed to be preparing to float some of its assets on the London Stock Exchange.Laing, owned by asset manager Henderson Group, will spin out some of its assets into a new fund by year-end, according to the Infrastructure Journal, which cited a source close to the deal.The report did not elaborate on the asset size or the reason why John Laing is seeking to raise funds. It said investment bank JP Morgan Cazenove is adviser to the deal. Henderson declined to comment, while John Laing was unavailable for comment.A source familiar with the situation said the fund to be floated does not include assets of the Henderson PFI Secondary Fund II, which as of March this year had lost 60 per cent of its value.Investors in this infrastructure fund, including pension funds, have demanded compensation for the losses and threatened to take Henderson to court if it fails to do so.Henderson acquired John Laing for £1bn in 2006 after trumping rival bidder Allianz with an offer of 405p a share. It has a portfolio of PFI and public private partnership projects. John Laing prepares to float its assets via a new investment fund Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrapcenter_img Share Show Comments ▼ whatsapp KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach Raiderlast_img

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