KKR has offered to pay £2 billion ($2.8 billion) for John Laing Group in a larger takeover offer than previously discussed, according to Reuters.
In early May, KKR was considering a £1.86 billion ($2.59 billion) potential takeover offer for John Laing Group. KKR was expected to announce a firm intention to make an offer by June 3.
“Under private ownership and with flexible access to capital, John Laing can take a longer-term view as an owner and operator of assets during the next phase of its growth,” said Tara Davies, co-head of European infrastructure at KKR.
John Laing is an international originator, active investor and manager of infrastructure projects. Its business is focused on major transport, social and environmental infrastructure projects awarded under governmental public-private partnership (P3) programs, and renewable-energy projects, across a range of
