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(Alliance News) -Â HICL Infrastructure PLC on Monday said it has agreed to sell its entire equity and subordinated debt interests in the South East London Police Stations public-private partnership project for GBP27 million.
The divestment is expected to complete during the first quarter of this year. HICL Infrastructure said the sale is in line with its strategy of portfolio optimisation.
"This transaction reflects a continuation of HICL's strategy to pursue selective disposals where they are accretive to the group's portfolio and deliver value to shareholders. The proceeds provide further capacity to pursue HICL's attractive pipeline of investment opportunities," said Harry Seekings, head of Infrastructure at InfraRed Capital Partners Ltd.
Shares in HICL were down 0.1% at 166.18 pence in London on Monday.
By Lucy Heming;Â lucyheming@alliancenews.com
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