John Laing completed 30% stake acquisition of Ruta del Cacao for $75m.

John Laing Group, an active investor and partner behind infrastructure and renewable energy projects completed the acquisition of a 30% interest in Ruta del Cacao road project in Colombia for $75m. Partners in the project are Cintra/Ferrovial, Colpatria and Ashmore. The project involves the development of 236km of road. The acquisition is expected to complete over the coming weeks, subject to customary consents. "This is an important development for John Laing with Ruta del Cacao representing our first investment in Latin America, a region with a strong pipeline of new opportunities. We are delighted to be involved alongside Cintra/Ferrovial, longstanding partners of ours, and Colpatria and Ashmore, all of which have many years of relevant experience in infrastructure in Colombia." Olivier Brousse, John Laing Chief Executive Officer.