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HICL completes acquisition of stake in motorway project

23 January 2017 07:48

HICL Infrastructure Company Limited has completed the acquisition of a 13.8% interest in the A63 motorway project from ColasSud Ouest and Spie Batignolles.

The company has previously said it had entered into an agreement with the vendors to purchase the interest, subject to limited conditions to completion.

It said those conditions had now been met and the consideration of €87m had been paid.

The project is a 40-year toll-road concession to design, build, finance, operate and maintain an upgraded 104km section of the A63 highway between Salles and Saint-Geours-de-Maremne, in southwest France.

Story provided by StockMarketWire.com

Related Company: HICL

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