Daiwa to acquire a 49% stake in the offshore electricity transmission assets of International Public Partnerships for £42m.

Daiwa, an investment company, agreed to acquire a 49% stake in the offshore electricity transmission assets of International Public Partnerships, an investment company, for £42m. "This transaction further reaffirms the Company's proactive and targeted approach to realising value from the existing portfolio and its ability to reinvest into higher-returning opportunities. It marks the fourth realisation this year, across the UK social, transport and energy transmission sectors, with all transactions completing in line with, or at a premium to, the relevant published NAV. With a strong pipeline of opportunities available across the geographies in which the Company invests, INPP remains well positioned to continue to reinvest into higher returning assets, deliver sustainable growth and continue our dividend growth track record," Mike Gerrard, International Public Partnerships Chair.