HICL Infrastructure and TRIG to Merge in £5bn FTSE 250 Deal

HICL Infrastructure and TRIG to merge in £5bn FTSE 250 deal

The merger proposal will see the formation of the UK's largest listed infrastructure investment firm

HICL and TRIG propose £5.3bn trust merger

HICL Infrastructure and the Renewables Infrastructure Group (TRIG) have announced a merger that would create the UK’s largest listed infrastructure investment trust. If shareholders vote the deal through, HICL would grow to £5.3bn net assets. The merger would see the voluntary winding up of TRIG, with its assets transferred to HICL in exchange for the issue of new shares and cash. See also: ClearBridge’s Langley: Infrastructure in a shifting wor…

HICL and TRIG to merge in £5.3bn deal creating UK's largest listed infrastructure fund

HICL Infrastructure and The Renewables Infrastructure Group have agreed to combine in a deal that will create Britain’s largest listed infrastructure investment company with net assets exceeding £5.3 billion. The merger will be implemented through the reconstruction and voluntary winding up of TRIG. TRIG’s assets will transfer to HICL in exchange for new HICL shares […] The post HICL and TRIG to merge in £5.3bn deal creating UK’s largest listed …

Heads of terms agreed on huge FTSE 250 infrastructure merger

Two of the UK’s biggest infrastructure funds have reached an agreement to merge in a blockbuster £5.3bn deal. FTSE 250-listed HICL Infrastructure and The Renewables Infrastructure Group (TRIG) said they had signed heads of terms on the business combination, in a move that will see voluntary winding up of TRIG, with TRIG’s assets transferred to HICL in exchange for the issue of new HICL shares and cash. The merger proposal, if signed off by share…

HICL, Renewables Infrastructure to combine to form UK's largest listed infra firm

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InfraRed's HICL and TRIG announce £5.3bn infrastructure merger in bid to rerate their undervalued shares

HICL Infrastructure (HICL) and The Renewables Infrastructure Group (TRIG) have announced plans to merge to create the UK’s largest listed infrastructure company with net assets of over £5.3bn. The move by £2.2bn HICL and £1.7bn TRIG, both managed by InfraRed Capital Partners, comes they struggle to rerate shares stuck on wide discounts of 24% and […]