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Share Price:
Up 172.60p
Change Today:
0.60p
Market Cap:
3,342.92m
Sector:
Closed End Investments

HICL Infrastructure indirectly acquires stake in Road Management Group

By Iain Gilbert

Date: Monday 08 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Investment firm HICL Infrastructure has indirectly acquired a 33.3% interest in Road Management Group, a holding company that comprises two UK shadow toll roads.
HICL picked up the stake in RMG and the A417/A419 Swindon-Gloucester and the A1(M) Alconbury-Peterborough projects from Abertis Infraestructuras for a combined consideration of up to 34.4m.

The FTSE 250-listed firm noted that the investment would be funded by its existing revolving credit facility.

Edward Hunt, a director at HICL manager InfraRed, said: "We are delighted to be acquiring a stake in two high-quality UK road projects which provide critical transport links to their respective communities.

"Both projects have predictable revenues, have been acquired on an ungeared basis and are expected to be accretive to portfolio yield and total return."

As of 0945 GMT, HICL shares were down 0.12% at 171.20p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

HICL Market Data

Currency UK Pounds
Price 172.60p
Change Today 0.60p
52 Week High 179.40p
52 Week Low 160.00p
Volume 1,236,778
Shares Issued 1,936.80m
Market Cap 3,342.92m
Beta 0.01

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What The Brokers Say

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HICL Dividends

  Latest Previous
  Q2 Q1
Ex-Div 25-Nov-21 26-Aug-21
Paid 31-Dec-21 30-Sep-21
Amount 2.06p 2.06p

Trades for 26-Jan-2022

Time Volume / Share Price
13:23 52,980 @ 172.80p
13:17 2,472 @ 172.80p
12:57 2,325 @ 172.62p
12:55 1,418 @ 172.76p
12:45 2,950 @ 172.62p

HICL Key Personnel

Chair Ian Russell