LONDON (ShareCast) - (ShareCast News) - Listed infrastructure investment firm HICL Infrastructure Company announced on Monday that it has completed the acquisition of a 36.6% equity interest in the various entities that comprise the Affinity Water Group, including the regulated entity, Affinity Water Limited.
The FTSE 250 company had initially announced the details of the transaction on 2 May.

HICL also revealed it was in "advanced discussions" to sell down a £25m portion of the investment to a "small group of co-investors", comprising UK local authority pension funds.

"This exemplifies the group's strategy of building strategic relationships with aligned co-investors in order to enable HICL to manage its portfolio exposure to larger investment opportunities," the company's board said in its statement.

"The sell down is expected to complete in the next few weeks and will leave HICL with a 33.2% equity interest in Affinity Water and a net funding requirement of approximately £205m."

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