International Public Partnerships buys remaining stake in project

International Public Partnerships (IPP), the FTSE 250 listed infrastructure investment company, has acquired the remaining 25 per cent interest in the Alberta Schools project in Canada.

International Public Partnerships (IPP), the FTSE 250 listed infrastructure investment company, has acquired the remaining 25 per cent interest in the Alberta Schools project in Canada.

The company purchased the stake for £7.5m from GVest GP.

The project covers 18 schools which were completed in June 2010.

IPP told investors the project had been performing well and said the additional investment is expected to be acretive to the overall portfolio.

The share price fell 0.38% to 129.70p by 14:00.

NR

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