International Public Partnerships Ltd. (INPP)

Sector:

Investment Firms

Index:

FTSE 250

160.00p
   
  • Change Today:
    -0.60p
  • 52 Week High: 165.40p
  • 52 Week Low: 146.80p
  • Currency: UK Pounds
  • Shares Issued: 1,560.92m
  • Volume: 215,880
  • Market Cap: £2,497.48m
  • Beta: 0.25

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."

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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 160.00p
Change Today -0.60p
% Change -0.37 %
52 Week High 165.40p
52 Week Low 146.80p
Volume 215,880
Shares Issued 1,560.92m
Market Cap £2,497.48m
Beta 0.25

INPP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
31.88% below the market average31.88% below the market average31.88% below the market average31.88% below the market average31.88% below the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average
Price Trend
43.35% above the market average43.35% above the market average43.35% above the market average43.35% above the market average43.35% above the market average
22.04% above the sector average22.04% above the sector average22.04% above the sector average22.04% above the sector average22.04% above the sector average
Income
19.48% above the market average19.48% above the market average19.48% above the market average19.48% above the market average19.48% above the market average
82.03% above the sector average82.03% above the sector average82.03% above the sector average82.03% above the sector average82.03% above the sector average
Growth
6.50% above the market average6.50% above the market average6.50% above the market average6.50% above the market average6.50% above the market average
21.30% above the sector average21.30% above the sector average21.30% above the sector average21.30% above the sector average21.30% above the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
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 20-Nov-2019

Time Volume / Share Price
10:05 197 @ 160.61p
10:04 1,140 @ 160.61p
10:03 6,707 @ 160.61p
09:58 14,512 @ 160.47p
09:57 4,300 @ 160.62p

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