(Reuters) -HICL Infrastructure and The Renewables Infrastructure Group Ltd will merge to form the UK’s largest listed infrastructure investment company worth about 3.98 billion pounds ($5.24 billion), the companies said on Monday.
The combined entity will have net assets exceeding 5.3 billion pounds ($6.97 billion), they said.
The deal involves a voluntary winding up of Renewables Infrastructure, with its assets transferred to HICL for new HICL shares and a 350 million pound liquidity package.
The combined company will deliver an annual dividend target of nine pence per share with a projected net asset value total return of over 10% per annum.
The deal is expected to close in the first quarter of 2026.
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(Reporting by Nithyashree R B in Bengaluru; Editing by Rashmi Aich and Mrigank Dhaniwala)
