(Sharecast News) - HICL said it had sold 30% of its equity interests in the US Northwest Parkway toll-road project for $86m.
Completion is expected in June and after completion of the deal HICL will retain a 23.3% equity interest and preserve its governance rights at the asset level board.
Proceeds from the transaction will be recycled into the company's investment in French fibre-to-the-home platform Altitude Infra.
Reporting by Frank Prenesti for Sharecast.com
HICL Infrastructure (HICL)