24th Sep 2013 11:16
LONDON (Alliance News) - Infrastructure investment company International Public Partnerships Ltd Tuesday said it has acquired the remaining 25% economic interest it doesn't already own in the Northern Diabolo Brussels airport rail project from a subsidiary of HSH Nordbank for GBP28.1 million.
Following the acquisition, INPP will own 100% of the economic interest in the project, which is improving the rail links to Brussels Airport, and 70.6% of the value of the total assets.
The project involves building and financing a rail link over five years period and then maintaining it over a concession period of 35 years.
The stock was trading at 124.6 pence Tuesday afternoon, up 0.5 pence or 0.4%
By Anthony Tshibangu; [email protected];
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