HICL Infrastructure ups stake in Sussex police project
HICL Infrastructure Company has acquired the remaining 10.1 per cent equity interest in the Sussex Police Authority Custody Centre's PFI Project.
HICL Infrastructure Company has acquired the remaining 10.1 per cent equity interest in the Sussex Police Authority Custody Centre's PFI Project.
The project includes four new custody centres in Sussex for the Sussex Police Authority over a 30-year concession, due for completion on November 2032.
The infrastructure investor now has 100% total equity and loan note interest in the project following the transaction with Reliance Sussex PFI.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
HICL paid £0.53m in total consideration for the acquisition, which was funded by the group's existing cash resources.
The company also announced the formal Completion of the Works certificate has been issued on the M80 Motorway DBFO Project.
HICL, which was the first infrastructure investment company to be listed on the London Stock Exchange, has a portfolio of 78 investments and a market capitalisation of £1,170.45m.
RD
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Could your family be at risk of an unexpected tax bill? How to keep your loved ones in the loop
Many families are out of the loop when it comes to planning the financial aspects of both retirement and inheritance
-
Rightmove: Glut of homes for sale in southern England drives asking price drop
Asking prices are 0.1% lower than a year ago, according to the property website, driven by challenges in affordability-stretched London and the south