UK infrastructure investor John Laing is in advanced talks to buy three of the four assets in the State-backed Irish Infrastructure Fund on the market with a total price tag of over €1 billion.
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John Laing’s move to acquire most of the assets of the IIF comes a year and a half after the British group sold the 35.6-megawatt wind farm it had developed in Co Tipperary for €31.2 million to Dublin-listed Greencoat Renewables. The IIF started off in 2012 by buying wind farm assets from Energia Group that would ultimately be sold again. In 2013, it purchased Towercom, with a portfolio of more than 400 telecom towers, from clients of Goodbody Stockbrokers.
In 2017, the IIF moved to acquire control of Enet, which operates fibre optic infrastructure known as the metropolitan area networks on behalf of the State in 94 towns and cities.
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