April 30, 2018 / 6:53 AM / a month ago

BRIEF-Hicl Infrstrct Says Is Divesting Equity, Subordinated Debt Interest In Highland Schools Ppp2 Project

April 30 (Reuters) - HICL Infrastructure Company Ltd :

* DISPOSAL OF AN INVESTMENT

* ENTERED AGREEMENT TO DIVEST ITS 100% EQUITY, SUBORDINATED DEBT INTEREST IN HIGHLAND SCHOOLS PPP2 PROJECT FOR £56.2M

* PROFIT ON DISPOSAL, AFTER COSTS, REPRESENTS A PREMIUM OF £9.7M OVER DIRECTORS’ VALUATION OF £46.5M AS AT 30 SEPTEMBER 2017

* HICL EXPECTS TO REDEPLOY PROCEEDS INTO ACCRETIVE INVESTMENTS AND COMPANY WOULD CONSIDER FURTHER SELECTIVE DISPOSALS Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below