International Public Partnerships Ltd. (INPP)

Sector:

Investment Firms

Index:

FTSE 250

161.20p
   
  • Change Today:
      0.40p
  • 52 Week High: 171.20
  • 52 Week Low: 146.80
  • Currency: UK Pounds
  • Shares Issued: 1,610.80m
  • Volume: 7,984,129
  • Market Cap: £2,596.60m

International PPL inches closer to full ownership of BeNEX

By Josh White

Date: Thursday 04 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Infrastructure investment company International Public Partnerships has completed its acquisition of a further equity interest in BeNEX, it announced on Thursday.
The FTSE 250 firm said the finalisation followed its update in April, when it said it had entered into a conditional sale and purchase agreement to acquire a further 51% shareholding in BeNEX from Hamburger Hochbahn (HHA).

That would take its ownership to 100%, following the acquisition of its initial 49% stake in 2007.

"The company re-confirms that it will invest up to approximately €54m, of which part will be invested immediately as additional capital to BeNEX - which will be used primarily to reduce certain debt which was linked to a requirement for HHA to be a continuing shareholder," the International PPL board said in its statement.

"The remainder will be used to acquire the additional 51% shareholding.

"The payment to acquire the shareholding will be deferred over the period to 2026 and is expected to be funded by a return of capital from BeNEX over the same period."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

INPP Market Data

Currency UK Pounds
Share Price 161.20p
Change Today 0.40p
% Change 0.25 %
52 Week High 171.20
52 Week Low 146.80
Volume 7,984,129
Shares Issued 1,610.80m
Market Cap £2,596.60m

INPP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
41.4% below the market average41.4% below the market average41.4% below the market average41.4% below the market average41.4% below the market average
37.91% below the sector average37.91% below the sector average37.91% below the sector average37.91% below the sector average37.91% below the sector average
Price Trend
39.56% above the market average39.56% above the market average39.56% above the market average39.56% above the market average39.56% above the market average
46.30% above the sector average46.30% above the sector average46.30% above the sector average46.30% above the sector average46.30% above the sector average
Income
15.27% above the market average15.27% above the market average15.27% above the market average15.27% above the market average15.27% above the market average
77.34% above the sector average77.34% above the sector average77.34% above the sector average77.34% above the sector average77.34% above the sector average
Growth
10.90% above the market average10.90% above the market average10.90% above the market average10.90% above the market average10.90% above the market average
25.30% above the sector average25.30% above the sector average25.30% above the sector average25.30% above the sector average25.30% above the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 0
Sell 0
Strong Sell 1
Total 1
strong_sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

INPP Dividends

  Latest Previous
  Interim 2nd Interim
Ex-Div 19-Sep-19 11-Apr-19
Paid 07-Nov-19 10-Jun-19
Amount 3.59p 3.50p

Trades for 28-Feb-2020

Time Volume / Share Price
16:35 724,398 @ 161.20p
16:31 2,000,000 @ 162.10p
16:31 128,058 @ 162.10p
16:30 1,878,960 @ 162.10p
16:29 596 @ 162.20p

Top of Page