HSBC Infrastructure Co Buys Interests In Hospital PFI Project

1st Jul 2010 08:16

LONDON (Dow Jones)--HSBC Infrastructure Company Ltd. (HICL.LN), an infrastructure investment company, said Thursday it has completed the acquisitions of two interests in the Queen Alexandra Hospital PFI project in Portsmouth for GBP46.4 million. MAIN FACTS -Company has acquired a 50% interest and a 24.9% interest from the two shareholders in the Project. -The acquisition of equity and loan notes is payable in cash from existing resources. -Concession contract runs until December 2040. -Shares at 0715 GMT down 1.3 pence, or 1.1%, at 115.2 pence valuing the company at GBP526.79 million. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; [email protected] (END) Dow Jones Newswires July 01, 2010 03:16 ET (07:16 GMT)