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BRIEF-Infrared completes acquisition of HS1 stake
September 7, 2017 / 6:16 AM / 3 months ago

BRIEF-Infrared completes acquisition of HS1 stake

Sept 7 (Reuters) - HICL Infrastructure Company Ltd, the listed infrastructure investment company advised by InfraRed Capital Partners Limited:

* Completed acquisition of an equity interest in entities that comprise High Speed 1

* HICL has also successfully finalised co-investment in relation to HS1

* In line with the Company’s previously announced intention, a group of InfraRed-managed minority co-investors, comprising Korean institutional investors and UK local authority pension funds, have invested approximately 120 million pounds

* HICL’s own share of the consideration for the HS1 acquisition amounts to 196 million pounds

* With co-investment now finalised, HICL has a 21.8 per cent equity interest in HS1 and a net funding requirement of approximately 140 million pounds Further company coverage: (Reporting by Dasha Afanasieva)

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