26th Mar 2018 08:37
LONDON (Alliance News) - Infrastructure investor HICL Infrastructure Company Ltd said Monday it has doubled its stake in a priority schools building programme in the north-east of England.
HICL has paid GBP9.0 million for a 45% interest in the project from FTSE-250 construction firm Galliford Try PLC, giving it a resulting 90% stake.
The project is a 25-year public-private partnership to build and maintain six secondary schools and six primary schools in England's north-east. Financial close was in March 2015, and the schools are now all fully open, HICL said.
Shares were up 0.2% on Monday at a price of 135.51 pence each.
Related Shares:
Galliford TryHICL Infrastructure
