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.
Subscribe to 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
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
-
Cash in on the growth prospects of Europe's companiesOpinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
-
Is the AI boom another dotcom bubble?25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
