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HICL completes two acquisitions

05 January 2017 07:53

HICL Infrastructure Company Limited has acquired equity interests in two Dutch PPP projects from Ballast Nedam.

These are:

- a 20% interest in the A9 Gaasperdammerweg road project in the Netherlands - an incremental 25% interest in the Zaanstad penitentiary project

The total consideration of €21.3 million includes a loan stock subscription obligation payable following the substantial completion of construction of the A9 Project.

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