HICL makes £19m acqusition
Infrastructure investor HICL Infrastructure Company has acquired a new investment and bought an additional stake in an existing project for a total consideration of £19m.
Infrastructure investor HICL Infrastructure Company has acquired a new investment and bought an additional stake in an existing project for a total consideration of £19m.
The firm has acquired a 75% interest in the Sir Robert Hadfield Wing PFI Project, a three-year undertaking to design, build and maintain a 168-bed after-care facility at the Northern General Hospital in Sheffield.
The group has also completed the acquisition of an incremental 50% equity and loan note interest in the Blackburn Hospital project, adding to its existing 50% holding, which it has held since 2006.
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
The acquisitions, which were funded from the group's existing cash and debt resources, bring the number of incremental acquisitions undertaken by the company since launch to 22 and the number of project subsidiaries to 15.
The firm said the total consideration paid for these investments is in line with the current valuation of similar UK PFI projects in the group's portfolio.
The share price fell 0.34% to 118.3p by 14:06.
NR
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.
-
1,000 children hold over £100,000 in a junior ISA – how to grow tax-free nest egg for your child
Junior ISAs can be a tax-efficient way to grow a nest egg for your child. We explain how they work
-
How to start investing: a beginner’s guide
Getting started in investing is a great way to make your money work harder for you over the long term, as investments tend to outperform cash savings