HICL Infrastrct Plc completes the acquisition of the transmission assets related with the Race Bank Windfarm

  • HICL Infrastrct Plc (HICL) has completed the acquisition of the transmission assets related to the Race Bank Windfarm.
  • The Group, which also include its subsidiaries have invested £24 million, funded from drawings under HICL’s Revolving Credit Facility and the transaction is part of Tender Round 5 of OFTO (Ofgem’s Offshore Transmission Owner) programme.
  • This acquisition is in line with company’s strategy of investing in essential and public core infrastructure, with a strong social purpose.
  • On 11th October 2019, at the time of writing, GMT 08:09 AM, HICL shares were trading at GBX 162.20, flat against the previous day closing price.