The backlash over a planned £5.3billion infrastructure fund tie-up is growing as more shareholders come out against the deal.
FTSE 250 firms HICL Infrastructure and The Renewables Infrastructure Group (TRIG) last week agreed a merger to create the UK’s largest listed infrastructure investment company.
But 11 investors in HICL have signed a letter asking it to abandon the deal and say they plan to vote against it.
In a letter organised by CG Asset Management, they claim that the arrangement favours TRIG and the asset management group that oversees both firms, InfraRed.
The letter adds that shareholders of HICL have been ‘left to suffer’.
A HICL spokesman said: ‘We continue to engage with shareholders and are listening to their views.’
Tie-up: HICL Infrastructure and The Renewables Infrastructure Group agreed last week to merge to create the UK’s largest listed infrastructure investment company
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
Freetrade
Freetrade
Investing Isa now free on basic plan
Trading 212
Trading 212
Free share dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
Compare the best investing account for you
#Fury #5.3bn #infrastructure #merger #shareholders #deal
