INPP acquires further BSF stake

2 July 2012 Infrastructure investor International Public Partnerships (INPP) has bought additional interests in eight Building Schools for the Future (BSF) projects.
The fund will acquire the stakes from contractor Carillion for around £30.3m, and follows on from its acquisition of BSFI, the education department’s stakes in all BSF projects last year.

Under the latest agreement, INPP will gain majority stakes in BSF school projects in Wolverhampton, Nottingham, Rochdale, Durham, and South Tyneside and Gateshead, plus a 46% share in Tameside’s programme.

“The opportunity is evidence of the pre-emption right INPP acquired as part of the BSFI investment last year, and we hope to benefit further from this position over the coming years,” said Keith Dorrian, INPP chairman.

The funds for the acquisition come from a £200m share placing completed by INPP on 25 June this year.

This page was last updated on:
18 January 2015.

thumb

Silly season begins

Recent claims and counterclaims over the Green Investment Bank look likely to be the first salvo in a long election battle, in which infrastructure is set to be in the firing line

thumb

The Anglophile

After a difficult start, FCC’s Rafael Foulquié is confident that the firm’s UK office will go from strength to strength. He tells Paul Jarvis why

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...