International Public Partnerships INPP Makes Further Investment into UK Schools (8437V)
August 12 2020 - 2:00AM
UK Regulatory
TIDMINPP
RNS Number : 8437V
International Public Partnerships
12 August 2020
12 August 2020
INPP MAKES FURTHER INVESTMENT INTO UK SCHOOLS
International Public Partnerships Limited, the FTSE 250 listed
infrastructure investment company ("INPP" or the "Company"), has
acquired an accretive additional interest in the Bradford and
Lewisham Building Schools for the Future ("BSF") Projects (the
"Projects").
INPP will commit a further c.GBP3.6 million to acquire stakes in
the six PFI project companies that own the fourteen schools
providing education facilities to over 17,000 pupils across
Bradford and Lewisham, UK. The investment builds on the existing
commitment of over GBP200 million that the Company has already made
to develop and refurbish over 200 individual schools across the UK
as part of the broader BSF programme.
INPP acquired the additional interest in the Projects from
Costain Construction and Engineering Limited to increase the
Company's existing investment by 4% in each of the six underlying
project companies. Upon completion the Company will hold a 54%
investment in three of the Lewisham BSF schemes and 45% in the
fourth, as well as increasing its share in the two Bradford schemes
to 15.5% and 19% in the phase 1 and phase 2 schemes
respectively.
Mike Gerrard, Chairman of International Public Partnerships,
said: "We are very pleased to make this further investment into the
Bradford and Lewisham BSF projects, building on the Company's
existing stakes in these UK schools."
FOR FURTHER INFORMATION:
International Public Partnerships Limited Numis Securities FTI Consulting
Erica Sibree / Amy Joslin Hugh Jonathan Ed Berry
T: +44 (0)20 7939 0558 / 0587 T:+44 (0)20 7260 1263 T: +44 (0)20 3727 1046
Mitch Barltrop
T: +44 (0)20 3727 1039
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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 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 approximately 130 staff who are responsible
for the management of, advice on and origination of infrastructure
investments.
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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