Infrastructure en vogue as Essar mulls float

06 Oct 2011

Infrastructure assets were in the spotlight again this 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.

"We may have had two days of rising ...

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