BlackRock to take control of Lanes Group

Asset manager BlackRock is set to take a majority stake in water and wastewater contractor Lanes Group.
The deal is expected to close by the end of this month and accelerate growth at the £500m turnover business which employs 4,000 staff on drainage and utility infrastructure jobs.
Wayne Earnshaw, CEO of Lanes Group, said: “This marks a pivotal moment for Lanes Group as we continue our journey of growth and innovation.“While this investment will unlock new opportunities for us