The symbol "HICL
" is being used by the stock exchange for the shares of Habib Insurance Company Limited.
Shares in HICL
were 0.2% higher at 158.84 pence on Wednesday.
said the disposal price agreed will generate a premium for the group, of approximately 7% over the AUD 150m valuation of the investment at 31 March 2018.
Shares dropped 6.4p to 141.1p, as HICL
said the process would take several months to complete, but lenders were being "supportive of the actions under way".
is a member of a consortium, alongside funds managed by Equitix Investment Management Ltd.
Tony Roper, director of InfraRed Capital Partners and investment adviser to HICL
Infrastructure, said: "Infrastructure has become increasingly popular as an asset class.
I have holdings in 3i Infrastructure, which has Anglian Water among its clients, and also HICL
Infrastructure, whose portfolio includes Central Middlesex Hospital in north London, Colchester Garrison in Essex and part of the M80 motorway.
The stake was purchased by infrastructure investment firm, HICL
Infrastructure Company (HICL
), and its partner, Kajima Partnerships.
Infrastructure investing as part of consortium including funds managed by Equitix Investment Management Ltd.
Sunday Telegraph: HSBC Infrastructure Company, which trades under the symbol HICL
, is a dividend play for income seekers.