16th Dec 2021 13:50
(Alliance News) - International Public Partnerships Ltd said on Thursday it has acquired a majority interest in a portfolio of four Danish public-private partnership projects.
The London-based investment company said the investment cost GBP14 million and will serve to deliver availability-based, long-term and predictable cash flows.
The acquisition marks the company's first investment in Denmark and will provide a land registry court archive building, a hospital car parking facility and two schools.
Following close of the acquisition International Public Partnerships will be approximately GBP160 million drawn against its GBP250 million corporate debt facility, including GBP9 million issued by a letter of credit to support the company's investment in the Flinders University Health and Medical Research Building in Adelaide, Australia.
Shares in International Public Partnerships were up 0.9% at 167.49 pence on Thursday afternoon in London.
By Heather Rydings; [email protected]
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