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John Laing – Sale of waste CHP plant in the UK

John Laing has sold its stake in a waste combined heat and power waste plant in north England to Pennon Group. Pennon has acquired John Laing’s 37.5% stake plus 20% voting rights in the Runcorn I Energy Recovery Facility, located in Cheshire, for GBP 54.5m in cash. Pennon was already a shareholder in the project and it has now doubled its stake to 75% by exercising its pre-emption rights