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HICL and TRIG Merge to Form UK’s Largest Infrastructure Investment Company

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HICL and TRIG Merge to Form UK’s Largest Infrastructure Investment Company

TipRanks Cyber Monday Sale

An announcement from HICL Infra Co Shs GBP ( (GB:HICL) ) is now available.

HICL Infrastructure PLC and The Renewables Infrastructure Group Limited (TRIG) have announced a merger to form the UK’s largest listed infrastructure investment company with net assets exceeding £5.3 billion. This combination aims to leverage key infrastructure megatrends by merging their portfolios and expertise, enhancing investment strategies across core and renewable sectors. The merger, expected to complete in Q1 2026, involves the winding up of TRIG and transferring its assets to HICL in exchange for new shares and cash. The combined entity will target a dividend of 9.0 pence per share and a NAV total return of over 10% per annum, with Sun Life providing a £100 million liquidity package to support the merger.

The most recent analyst rating on (GB:HICL) stock is a Buy with a £155.00 price target. To see the full list of analyst forecasts on HICL Infra Co Shs GBP stock, see the GB:HICL Stock Forecast page.

Spark’s Take on GB:HICL Stock

According to Spark, TipRanks’ AI Analyst, GB:HICL is a Outperform.

HICL Infrastructure demonstrates strong financial stability with zero debt and effective cash flow management, which underpins its solid stock score. Strategic share buybacks further enhance shareholder value. However, technical indicators suggest caution due to potential overbought conditions, and the moderately high P/E ratio indicates potential overvaluation. The strong dividend yield offers an attractive investment proposition, balancing the risks.

To see Spark’s full report on GB:HICL stock, click here.

More about HICL Infra Co Shs GBP

HICL Infrastructure PLC, listed on the London Stock Exchange since 2006, initially focused on social infrastructure projects under the UK’s private finance initiative and public-private partnership models. Over time, it has diversified into regulated utilities, transport concessions, and digital assets, with a presence in Europe, North America, and New Zealand. As of March 2025, HICL’s portfolio included over 100 essential infrastructure assets valued at approximately £3 billion. TRIG, launched in 2013, is a renewables investment company focused on solar, onshore wind, offshore wind, and battery storage, with a portfolio of 2.3GW across more than 80 assets and a net asset value of approximately £2.6 billion.

Average Trading Volume: 3,939,000

Technical Sentiment Signal: Hold

See more data about HICL stock on TipRanks’ Stock Analysis page.

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