John Laing Group plc (LSE:JLG) agree to acquire 21.15% stake in Pacifico 2 Road PPP Project from Construcciones El Condor S.A. (BVC:ELCONDOR) for approximately COP 150 billion on January 5, 2021. Following the transaction, the project will be owned by Odinsa (78.85%) and John Laing (21.15%).  The transaction is expected to complete during early 2021 subject to customary conditions. Bancolombia S.A. (BVC:BCOLOMBIA) acted as financial advisor to Construcciones El Condor while Santander UK plc acted as financial advisor to John Laing. Hernando Padilla and Carlos Padilla of Philippi Prietocarrizosa Ferrero Du & Uria and Manuel López of Ashurst LLP acted as legal advisor to John Laing Group plc. Beatriz Villegas of VM Legal, Gabriel Sánchez of Posse Herrera Ruiz and Paul Hastings LLP acted as legal advisor to Construcciones El Condor S.A.

John Laing Group plc (LSE:JLG) completed the acquisition of 21.15% stake in Pacifico 2 Road PPP Project from Construcciones El Condor S.A. (BVC:ELCONDOR) on May 14, 2021.