First Sentier wins John Laing renewables auction

19 October 2020 - 12:00 am UTC

First Sentier Investors has won the auction for John Laing Group’s Australian wind farm assets, agreeing to a price of AUD 285m (USD 202m) before disposal costs.

The sale price represents a small premium to book value and a return on money invested of 1.5x, according to an emailed announcement from the UK-based infrastructure investor. The sale is scheduled to be completed early next year.

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First Sentier wins John Laing renewables auction

First Sentier Investors has won the auction for John Laing Group’s Australian wind farm assets, agreeing to a price of AUD 285m (USD 202m) before disposal costs.