HICL sells 30% of stake in US toll-road project for $86m
HICL said it had sold 30% of its equity interests in the US Northwest Parkway toll-road project for $86m.
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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