- International Public Partnerships Ltd.
- 11 August 2025 15:38:52
Source: Sharecast
Completion was expected in the coming weeks.
The FTSE 250 company said the sale would reduce its holding in Angel Trains to about 8.4%, while retaining board representation and active governance through its investment adviser, Amber Infrastructure Group.
INPP first invested in Angel Trains in 2008, and had made subsequent follow-on investments.
Chair Mike Gerrard said the deal reflected the company’s strategy of “optimising its portfolio while supporting both capital returns and attractive reinvestment opportunities,” citing recent transactions including the £49 UK Education public-private partnership sale and its preferred bidder status for Sizewell C.
Proceeds would support INPP’s share buyback programme and future investment commitments, including its £250m pledge to Sizewell C.
To date, £88m had been spent on repurchases under the programme, which was recently expanded to up to £200m.
Since July 2023, INPP said it had realised over £345m from disposals across energy transmission, social, transport and digital infrastructure assets, equivalent to around 13% of its 31 December 2024 portfolio, all in line with or above their last reported valuations.
At 1519 BST, shares in International Public Partnerships were up 1.62% at 125.4p.
Reporting by Josh White for Sharecast.com.