HICL Infrastructure is to spend 10m pounds to take bigger holdings in four public/private partnership projects.
The acquisition of further stakes in Romford Hospital, Fife Schools, Exeter Crown Courts and Stoke Mandeville Hospital will all come from subsidiaries of French firm Sodexo SA.
The deal takes HICL's total interests in these projects to 66.67% on Romford Hospital, 44.4% on Fife Schools and 100% on both Exeter Crown Courts and Stoke Mandeville Hospital.
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
HICL's shares were up 0.24% by 09:23.
BS
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
