HICL's NAV rises 2% in third quarter

HICL, the FTSE 250 infrastructure investment firm, saw its net asset value improve from 111.5p per share to 114p over the third quarter, after making £162.4m in new private finance initiative (PFI) investments since the end of September.

HICL, the FTSE 250 infrastructure investment firm, saw its net asset value improve from 111.5p per share to 114p over the third quarter, after making £162.4m in new private finance initiative (PFI) investments since the end of September.

In December, the firm bought investments in 26 PFI/PPP projects from two infrastructure funds managed by Barclays Infrastructure Funds Management Limited for £143.4m, while £19m was spent in November on an additional stake in an existing project.

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