Blockbuster FTSE infrastructure merger abandoned after shareholder fury
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A planned merger between FTSE-listed funds HICL Infrastructure and The Renewables Infrastructure Group (TRIG) to form the UK's largest infrastructure investment firm has been abandoned due to shareholder dissatisfaction with the deal's terms. The merger, announced on 17 November, faced pushback as TRIG shareholders had a partial cash exit option, while HICL shareholders lacked liquidity opportunities. Despite the strategic rationale, the boards could not secure sufficient investor support. HICL and TRIG manage significant infrastructure and renewable energy assets across the UK and Europe.
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