HICL Infrastructure PLC Ord (HICL.L), a FTSE 250 investment company, on Monday said it has agreed to acquire an additional 6.65% stake in Cross London Trains for about 52 million pounds.
The transaction is expected to add more than 1 pence to net asset value per share upon completion.
The completion is expected before the end of June.
The company said that the acquisition will increase the company's total interest in Cross London Trains to 13.13%, strengthening its governance position and board representation at the portfolio company level.
The acquisition will be funded from the proceeds of recently completed disposals.
On Friday, HICL Infrastructure closed trading, 1.17% lesser at GBp 118 on the London Stock Exchange.
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