2nd Feb 2015 09:39
LONDON (Alliance News) - HICL Infrastructure Company Ltd Monday said it has sold its 56% equity and subordinated debt interest in the Colchester Garrison Ministry of Defence project.
HICL is selling the stake to subsidiaries of Allianz AG, the PPP Equity PIP LP and Dalmore Capital Fund II Ltd. The latter two buyers are partnerships managed by Dalmore Capital Ltd.
HICL said it will make a GBP21.7 million profit on the disposal of the stake.
Shares in HICL were up 1.0% to 153.50 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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