APG to acquire a portfolio of seven UK PPP assets from InfraRed-backed HICL Infrastructure for £225m.

APG, a pension administrator, agreed to acquire a portfolio of seven UK PPP assets from InfraRed-backed HICL Infrastructure, a large British investment company dedicated to infrastructure investments, for £225m. "We are pleased to announce another material disposal for the Company, which again highlights both the quality of HICL's underlying portfolio and a consistent ability to execute divestments at attractive valuations. In the last two years, the Company has raised over £725m through disposals, enabling the Board to deliver on its capital allocation priorities for the benefit of shareholders," Mike Bane, HICL Chair.