The Board is pleased to announce that HICL has entered into an agreement to acquire a minority equity position in Altitude's fibre-to-the-home platform ("Altitude Infra"), investing alongside other InfraRed-managed funds and co-investors which, together with HICL, will own 15.1% of Altitude Infra. Altitude Infra holds a controlling position in the largest independent wholesale fibre network in France, Altitude Infra THD. The Altitude Infra stake will be acquired from Altitude Group, which will retain a majority shareholding. The investment is accretive to HICL's key portfolio metrics, enhances portfolio diversification and improves the earnings profile of the Company. Following completion, the investment will represent approximately 2% of HICL's portfolio, by value.
https://www.investegate.co.uk/hicl-infr ... 00013581V/
Ian.