UK's TRIG rises and HICL Infrastructure falls after merger announcement

Renewables Infrastructure

17/11/2025 08:50

** Shares of The Renewables Infrastructure Group TRIG.L rose 6.53% to 76.86 p, top gainer on London's midcap index .FTMC

**  Shares of HICL Infrastructure HICL.L down 7.3% at 109.43 p, among top losers on FTMC

** FTMC down 0.06%

**  London-listed infrastructure investment cos announce plans to merge and create a company worth about 3.98 billion pounds ($5.24 billion)

** Cos say deal includes a 350 million pound liquidity package for TRIG, voluntary wind up of TRIG and asset transfer to HICL for new HICL shares

     ** Combined co has a target of initial dividend of 9 pence per share and NAV total return of over 10% per annum over medium term

     ** Up to Friday's close, HICL stock had fallen 0.84% YTD, TRIG was down 16.08%, compared with 5.76% rise in FTMC

 (Reporting by Simone Lobo)

 ((Simone.Lobo@thomsonreuters.com, +919920570373))