United Kingdom : HS1 to be acquired by group of investors.
The Canadian pension funds, owning the UK's HS1 super-fast railway between London and the Channel Tunnel have sold to a group of British and foreign investors.
Infrastructure is an increasingly lucrative asset class for investors seeking stable, long-term yields and the involvement of South Korea's public pension plan shows growing interest by Asian buyers in prime European assets.
HICL and Equitix will each buy 35%, with InfraRed holding the balance 30%.
The $175.6bn (134.2bn) Ontario Teachers' Pension Plan and the investors in charge of the C$85bn (51.2bn) pension plan for Ontario's municipal workers have divested HS1, which operates from four United Kingdom stations including St Pancras and Stratford International, to a consortium of UK-based and foreign investors.
HS1 is tasked to operate and maintain the 109km track, as well as the four stations served by the route: St Pancras International, Stratford International, Ebbsfleet International and Ashford International.
[c] 2017 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).
|Printer friendly Cite/link Email Feedback|
|Date:||Jul 17, 2017|
|Previous Article:||India : CCI approves merger of GTL Infra and CNIL.|
|Next Article:||Tanzania,Uganda : Deal for transport infrastructure cooperation signed between Uganda, Tanzania.|