International Public Partnership Ld (INPP.L) announced that it has acquired the remaining 25% interest in the Alberta Schools project in Canada that it does not already own.
INPP, as the existing owner of 75% of the share capital in BBPP Alberta Schools Limited, has signed an agreement with GVest GP Inc. pursuant to which it has acquired the remaining 25% interest for about 7.5 million pounds.
The project is an availability based PPP project consisting of 18 schools, 9 in Edmonton and 9 in Calgary, under an agreement with 27 years remaining with the Province of Alberta.
INPP said it has been an investor in the project since inception having overseen the design, construction, maintenance and renewal of the schools as well as the provision of private sector finance. Financial close on the original investment occurred in September 2008 and construction completion of all 18 schools was achieved by June 2010, one month ahead of schedule.
The investment has been performing well and the additional investment is expected to be accretive to the overall portfolio.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.