Essar looks to London as vol highlights infrastructure appeal
Infrastructure assets were in the spotlight again last week with speculation that India’s Essar Group could raise around $750m by listing its ports and projects assets in London while marketing continued for John Laing Infrastructure Fund’s £155.8m offer and roadshows began for German services group Bilfinger Berger's £245m London fund IPO.
The banks linked to Essar Infrastructure JP Morgan and Credit Suisse declined to comment on rumours about a potential deal in 2012. Syndicate bankers said that infrastructure was en vogue with investors at the moment given continuing volatile markets.
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