HICL Infrastructure sells interests in London police stations project

(Alliance News) - HICL Infrastructure PLC on Monday said it has agreed to sell its entire equity ...

Alliance News 1 March, 2021 | 9:38AM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - HICL Infrastructure PLC on Monday said it has agreed to sell its entire equity and subordinated debt interests in the South East London Police Stations public-private partnership project for GBP27 million.

The divestment is expected to complete during the first quarter of this year. HICL Infrastructure said the sale is in line with its strategy of portfolio optimisation.

"This transaction reflects a continuation of HICL's strategy to pursue selective disposals where they are accretive to the group's portfolio and deliver value to shareholders. The proceeds provide further capacity to pursue HICL's attractive pipeline of investment opportunities," said Harry Seekings, head of Infrastructure at InfraRed Capital Partners Ltd.

Shares in HICL were down 0.1% at 166.18 pence in London on Monday.

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
HICL Infrastructure PLC Ord 123.50 GBX -0.08 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures