John Laing Group divest 30 % interest in Auckland South Corrections Facility PPP
Date
May 06, 2020
Type
M&A Transactions
Subtype
Transaction completed
Countries
New Zealand
Subsectors
Prison
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John Laing Group plc announced that it has completed the sale of its 30% interest in Auckland South Corrections Facility to AMP Capital for a price in-line with the Group's latest valuation.
This 960-place correctional facility in Auckland, New Zealand has an innovative approach to the education, rehabilitation, and reintegration of offenders into the community, operating a results-focused model, with the aim of reducing recidivism rates.
