March 14 (Renewables Now) - The John Laing Pension Trust Ltd has sold to investors its entire stake in John Laing Environmental Assets Group Ltd (LON:JLEN) in a transaction that closed on March 13.
March 15 will be the settlement date for the trade.
JLEN was informed last week of the pension trust’s intention to dispose of the almost 22 million ordinary shares it held in the company. The self-managed alternative investment fund, which has 280 MW of wind, solar, waste-to-energy and biogas capacity in the UK and France, confirmed on Wednesday that the John Laing Pension Trust no longer holds any shares in it.
JLEN had 497 million ordinary shares issued as of end-2018.