HICL takes 50% in German road project
HICL Infrastructure
118.80p
12:35 31/12/24
1.19%
1.40p
HICL said it had taken a 50% equity interest in a German road project, its first investment in the country.
Equity Investment Instruments
12,226.17
12:59 31/12/24
0.93%
112.55
FTSE 250
20,622.61
12:59 31/12/24
n/a
n/a
FTSE 350
4,510.61
12:59 31/12/24
n/a
n/a
FTSE All-Share
4,467.80
13:14 31/12/24
n/a
n/a
The infrastructure investment company, bought the stake in the B247 Mühlhausen-Bad Langensalza Road project from Vinci. HICL's total investment will be around €12.0m.
The B247 is a new 22km road that will link the cities of Mühlhausen and Bad Langensalza, in the Land of Thuringia. The 30-year public/private deal covers design, financing, construction, maintenance and operation.