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INPP increases stake in Gold Coast Light Rail

28 December 2016 07:28

International Public Partnerships Limited has acquired a further 3.33% interest in the Gold Coast Light Rail project (stages 1 and 2) from Aveng Group.

The follow-on investment in the project has arisen from shareholder rights to acquire proportionate shares from fellow consortium members who choose to dispose their interests. The acquisition will increase INPP's total investment from 26.67% to 30%.

Story provided by StockMarketWire.com

Related Company: INPP

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