Trusts merger creates largest listed infrastructure investment company

The merger of a pair of investment trusts will create the UK’s largest listed infrastructure investment company.

The boards of HICL and TRIG have agreed to combine the two companies.

They said the merger will mean the company’s “enhanced investment mandate” will cover the full spectrum of infrastructure opportunities.

Mike Bane, chair of HICL, said: “The combination of HICL and TRIG represents a unique opportunity to capture the key megatrends shaping the infrastructure market today, which increasingly straddle both core infrastructure and the energy transition.

“By combining two complementary portfolios and teams, the combined company will have the profile, expertise and access to capital to seek enhanced returns from a reinvigorated investment strategy.”