HICL to invest £68m in Sweden's Hector Rail

(Sharecast News) - HICL said it was investing around £68m in Scandinavian rail freight operator Hector Rail alongside other InfraRed-managed funds, which together will acquire 100% of the company from infrastructure investment manager Ancala. The investment will be funded using available cash on HICL's balance sheet and is expected to complete by the end of December.

Hector Rail was founded in 2004 and is headquartered in Stockholm. Having initially operated services between Sweden and Norway, the company has expanded over the past two decades to establish a presence across Sweden, Norway, Denmark and Germany, becoming the largest private rail freight operator in Scandinavia, HICL said on Monday.

Reporting by Frank Prenesti for Sharecast.com