La société HICL Infrastructure PLC has reached an agreement to sell a 30% stake in the motorway project Age Northwest Parkway in the United States for approximately $86 million. The announcement was made on Tuesday, April 25, 2023 by the company itself.

HICL is a management company based in London and managed by InfraRed Capital Partners. She invested in the project for the first time in December 2016. HICL said that after the sale is awarded, which is expected to take place in June, it will maintain a 23.3% stake in the project. For this company, “this transaction reinforces HICL's track record of capital growth through the selective and disciplined realization of assets, a key pillar of the company's growth and financing strategy

According to Edward Hunt, head of basic income funds at InfraRed, “active capital recycling remains a key lever for optimizing the construction of the HICL portfolio, providing a valuable source of funding beyond the capital markets that composes returns for shareholders and leads to outperformance in net asset value& bsp;”.