20th Mar 2014 12:10
LONDON (Alliance News) - Infrastructure investment company HICL Infrastructure Company Ltd Thursday called a shareholder meeting to approve the acquisition of a 5.85% equity interest in AquaSure Victorian Desalination PPP Project near Melbourne in Victoria, Australia, a deal that would mark its first investment in the country.
In a statement HICL said it will buy the stake from the InfraRed Environmental Infrastructure Fund, a fund managed by its investment adviser InfraRed Capital Partners Ltd.
"This acquisition fits within the company's investment strategy and helps diversify the current portfolio further by geography and project type," Chairman Graham Picken said in a statement.
HICL Infrastructure shares were flat at 138.3 pence midday Thursday.
By Steve McGrath; [email protected]; @SteveMcGrath1
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