HICL acquires 75% stake in Dutch project for £8m
1st Apr 2015 09:14
The HICL Infrastructure Company has announced a new €11.5m (£8.3m) for a 75% interest in the Zaanstad Penitentiary Institution project in the Netherlands from a subsidiary of Ballast Nedam BV The deal, which was funded by the group's revolving credit facility, includes an investment in shares and a
Read moreHICL Infrastructure buys stakes in three schools for £26.4m
12th Mar 2015 09:50
Investment group HICL Infrastructure has acquired stakes from construction group Laing O' Rourke in three separate projects for £26.4m The FTSE 250 group said on Thursday it had acquired a 40% interest in the Salford & Wigan Phase 1 BSF Project, a 40% interest in the Salford & Wigan Phase 2 BSF Proj
Read moreHICL Infrastructure invests £7.2m in building new schools
11th Mar 2015 09:01
HICL Infrastructure announced a new investment of £7.2m to build new schools in the North East. The infrastructure investment company said it will invest in the the Priority Schools Building Programme ("PSBP") North East Batch Project. The project, worth £103m, will compromise six new secondary sch
Read moreLondon pre-open: Failed Greek talks to hit stocks early on
17th Feb 2015 07:41
UK stocks were expected to fall on Tuesday morning, as heightened concerns about a Greek exit from the Eurozone dampen sentiment. City sources predict the FTSE 100 will open 20 points lower than Monday's close of 6,857.05. A meeting of Eurozone finance ministers on Monday ended early with no agreem
Read moreHICL Infrastructure unveils new French PPP investment
17th Feb 2015 07:13
HICL Infrastructure Company (HICL) has bought an 85% ownership interest in a Paris public-private partnership (PPP) project after reaching financial close on Monday. The project involved the design, construction, finance and maintenance of a new facility for the Ecole Centrale Supelec on plateau de
Read moreHICL sells interest in Colchester Garrison project
2nd Feb 2015 10:26
HICL Infrastructure has sold its 56% interest in the Colchester Garrison Ministry of Defence project to Allianz Group. The company said the decision to sell its equity and subordinated debt interest followed a recent disposal by a co-shareholder of its holding in Colchester. The profit on disposal,
Read moreHICL acquires further incremental investments for £8.1m
15th Jan 2015 09:06
Infrastructure investment company HICL Infrastructure has acquired further equity interests in two of its existing projects for £8.1m. The company bought 50% of the share capital and all of the remaining loan notes in the Willesden Hospital PFI Project, a 32-year concession for the design, construct
Read moreHICL Infrastructure H1 NAV better than expected
19th Nov 2014 09:04
HICL Infrastructure impressed with better-than-expected growth in net asset value (NAV) and successful investments during the first half of the year. The company enjoyed a strong cash flow from investments and a 6% rise in NAV per share to 130.5p. Forecasts expected the NAV to increase to 128p. Inc
Read moreHICL Infrastructure ups stake in Australian water project
9th Oct 2014 08:08
HICL Infrastructure has acquired an additional 3.4% stake in a Victorian desalination project for £25.2m. The beneficial interest, held via an Australian company, takes its overall stake in the public-private partnership project to around 9.3%. The purchase was funded from HICL's existing cash and
Read moreHICL acquires stake in Sheffield project from International PPL
22nd Sep 2014 08:36
International Public Partnerships (INPP) has sold its minority stake in the Sheffield Building Schools for the Future (BSF) project for FTSE 250 peer HICL Infrastructure Company. The group said the disposal was being made on an opportunistic basis after HICL, which already owned a 40% stake, made th
Read moreHICL expects cash generation to beat forecasts after in-line trading
28th Jul 2014 12:01
HICL Infrastructure Company said on Monday it expects cash generation to be ahead of its forecasts for the first half as the portfolio continues to "perform well". The firm is confident of achieving the target dividend of 7.25p this financial year, according to a trading update for April 1st to Jul
Read moreHICL's full-year profits rise on portfolio growth
21st May 2014 08:01
- Pre-tax profit rises - Total income increases - Portfolio performs well - Dividend lifted HICL Infrastructure Company's full-year profit increased on the strong performance of the firm's portfolio of investments. Pre-tax profit in the year to end of March 2014 came to £153.8m, up from £93.1m the
Read moreHICL takes 10 per cent interest in Irish PPP road scheme
6th May 2014 08:31
HICL Infrastructure Company has taken a 10 per cent interest in the N17/N18 Gort to Tuam public-private partnership (PPP) scheme in the Republic of Ireland. The project is for the financing, design, construction and operation of a new 57km dual carriageway section of the N17/N18 near Galway for the
Read moreHICL Infrastructure extends revolving credit facility
31st Mar 2014 08:03
HICL Infrastructure Company has extended its revolving credit facility which includes two new lenders. The existing £100m credit facility, jointly provided by Royal Bank of Scotland and National Australia Bank and due to expire in February 2015, has been increased to £150m and its term extended to
Read moreShire CFO sells shares ahead of departure
17th Feb 2014 15:58
Shire's soon-to-depart Chief Financial Officer, Graham Hetherington, sold 2.29m pounds-worth of shares in the pharmaceutical giant. Hetherington, who on Friday annonced his intention to step down at the beginning of March to spend more time with his family, exercised a stock appreciation right awa
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