Completion of further investment in Angel Trains

RNS Number : 1911M

International Public Partnerships

17 September 2021

 

COMPLETION OF Further investment in Angel Trains

17 September 2021

Further to its announcement on 3 September 2021, International Public Partnerships Limited (the 'Company', 'INPP'), the listed infrastructure investment company, is pleased to announce that it has completed its acquisition of a further c.5% shareholding in Angel Trains ('Angel').

The Company notes that its c.£98 million investment to acquire the additional c.5% in Angel was financed using existing cash balances together with drawings against its corporate debt facility, which, following completion of the transaction, is currently £70 million drawn.

ENDS.

For further information:

Erica Sibree/Amy Edwards  [phone]/0587

Amber Fund Management Limited 

Hugh Jonathan     [phone]

Numis Securities  

Ed Berry/Mitch Barltrop                                               [phone]/1039
FTI Consulting

About International Public Partnerships:

INPP is a listed infrastructure investment company that invests in global public infrastructure projects and businesses, which meets societal and environmental needs, both now, and into the future.

INPP is a responsible, long-term investor in over 130 infrastructure projects and businesses. The portfolio consists of utility and transmission, transport, education, health, justice and digital infrastructure projects and businesses, in the UK, Europe, Australia and North America. INPP seeks to provide its shareholders with both a long-term yield and capital growth.

Amber Infrastructure Group ('Amber') is the Investment Adviser to INPP and consists of 150 staff who are responsible for the management of, advice on and origination of infrastructure investments.

 

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