HICL Infrastructure Company Limited, the listed infrastructure investment company advised by InfraRed Capital Partners Limited, has announced that it has reached an agreement to acquire a 13.8% interest in the A63 autoroute project in France. The vendors are Colas Sud Ouest and Spie Batignolles. The acquisition is subject to a number of conditions and is expected […]
JPMorgan Russian has published its results for the year ended 31 October 2015. The MSCI 10/40, the benchmark, fell by a further -13.4% (2014: -21.0%). Both JPMorgan Russian’s return to shareholders and the net asset value total return slightly underperformed the benchmark index, with falls of -13.5% and -14.2% respectively. The dividend is being maintained at […]
HgCapital, the manager of HgCapital Trust, has announced that it has made a majority investment in Kinapse, a global provider of advisory, capability building and operational services to the life sciences industry, headquartered in London. HgCapital Trust will invest in Kinapse alongside other institutional clients of HgCapital, who will participate through the HgCapital 7 Fund. […]
Henderson Global Trust, chaired by Richard Hills (pictured), has announced that it has been undertaking a strategic review of the trust and, after consultation with its advisers, the board has concluded that certain shareholders would prefer access to a global income strategy in the current market environment while others may wish to retain exposure to a […]
Reconstruction Capital II has announced that it is selling its 25.4% fully-diluted interest in Albalact SA, a publicly quoted Romanian dairy company, to Lactalis. Lactalis is a dairy manufacturing world-leader company owning many successful international brands such as “President”, “Parmalat”, and “Galbani”. The Lactalis group now employs 75,000 people, and owns more than 200 plants, located in […]
Shaftesbury PLC, the West End-focused Real Estate Investment Trust, announces that Westminster City Council’s Planning Committee yesterday evening resolved to grant consent for the Group’s application to reconfigure and extend 57 Broadwick Street, Carnaby, a prominent building at the eastern gateway to Carnaby. Their scheme for the building, which was acquired in March 2014, provides […]
London metals consultancy, GFMS, believes that gold prices are set for a gradual recovery in 2016 to over US$1,200/oz by year end. Thus far in 2016, the gold price, in US dollars, has climbed to almost 3-month highs as political tension and fears over the world financial system have led to buying interest in the […]
Tritax Big Box REIT has announced that it is targeting a fundraising of £100m through a placing, open offer and offer for subscription, of new ordinary shares. Tritax says that it expects to use the net proceeds of the issue to acquire further investments. The issue price of 124p per ordinary share represents a discount of […]
Better Capital’s 2012 pool has increased its investment in CAV Aerospace. They say CAV, working with its key stakeholders, has been able to take steps to release a significant amount of previously tied-up working capital and to make important operational changes which should lead to improved performance. In order to achieve the above, the General Partner […]
Global Resources Investment Trust is raising cash by making a firm placing of 270m shares at 2p per share (195m of which are being issued to Primestar (see below) and 75m to RDP Fund Management (GRIT’s fund manager). Shareholders will be able to subscribe for 15m shares at 2p in an open offer plus up […]
