1st Jul 2014 08:38
LONDON (Alliance News) - International Public Partnerships Ltd Tuesday said it has increased its stake in the second phase of the Nottingham Building School for the Future portfolio to 82% from 10% after investing GBP2.3 million in the project.
INPP acquired the stake from Carillion Private Finance Ltd, owned by construction giant Carillion PLC.
The remaining stake in the project is held by the Nottingham Local Education Partnership and the Nottingham City Council.
The project comprises the Farnborough School and Technology College and caters for over 1,000 pupils in the Clifton Estate area.
INPP shares were quoted down 0.1% at 133.19 pence Tuesday morning.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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