Blockbuster FTSE merger abandoned after shareholder fury Markets A plan to merge two FTSE-listed funds to form the UK’s largest infrastructure investment firm has been abandoned after shareholders expressed frustration with the terms of the deal. HICL Infrastructure said it will no longer be proceeding with its planned merger with The Renewables Infrastructure Group (TRIG) after its board “determined that it cannot progress [...]
Mixed shareholder reaction after huge £5.3bn FTSE 250 infrastructure merger Transport and infrastructure Shareholders of two of the UK’s biggest infrastructure funds have had mixed reactions after the firms reached an agreement to merge in a blockbuster £5.3bn deal. FTSE 250-listed HICL Infrastructure and The Renewables Infrastructure Group (TRIG) said they had signed heads of terms on the business combination, in a move that will see voluntary winding [...]
HICL Infrastructure sells toll-road stake to finance share buyback Investment trusts The trust said today that it had entered an agreement to sell its entire stake in the US Northwest Parkway toll-road project for $232m (£183.4m)