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Renewables Infrastructure Group Limited GBP Red.Shs
TRIG.UK
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Blockbuster FTSE infrastructure merger abandoned after shareholder fury

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.

cityam·
UK
HICL
0.00%
UK
TRIG
0.00%
cityam·
UK
HICL
0.00%
UK
TRIG
0.00%

REG - Renew Infra Grp Ld - Update on the Combination of HICL and TRIG

The Renewables Infrastructure Group Limited (TRIG) announced that HICL Infrastructure PLC is withdrawing from the proposed combination with TRIG. TRIG will now focus on its standalone strategy to deliver growth and value to investors. The company remains confident in its strategy and looks forward to engaging with shareholders ahead of the 2026 Annual General Meeting.

London Stock Exchange·
UK
TRIG
0.00%
London Stock Exchange·
UK
TRIG
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FTSE 100 Live: Greencore, Diploma results

The FTSE 100 ended down 0.24% amid declining consumer sentiment. HICL Infrastructure and TRIG announced a £5.3bn merger. WPP attracted takeover interest from Havas, Apollo, and KKR, amid its impending exit from the FTSE 100 due to a 50% stock drop. Key stories include budget speculation affecting growth, tuition fee hikes, and tech boosts for Polar Capital.

cityam·
UK
HICL
0.00%
UK
TRIG
0.00%
US
WPP
+3.06%
cityam·
UK
HICL
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UK
TRIG
0.00%
US
WPP
+3.06%

Heads of terms agreed on huge £5.3bn FTSE 250 infrastructure merger

HICL Infrastructure and The Renewables Infrastructure Group (TRIG) have agreed to merge in a £5.3bn deal, forming the UK's largest listed infrastructure investment firm. TRIG will be voluntarily wound up, with its assets transferred to HICL for new shares and cash. The merger aims to capture key infrastructure market trends and enhance investment returns. HICL shares rose 5.2%, while TRIG shares fell 0.4%. Shareholder meetings are set for December, with completion expected by Q1 2026.

cityam·
UK
TRIG
0.00%
cityam·
UK
TRIG
0.00%

REG - Renew Infra Grp Ld - Total Voting Rights

The Renewables Infrastructure Group Limited (TRIG) announced that as of 30 September 2025, its issued share capital consists of 2,485,962,886 ordinary shares, with 2,399,840,971 shares having voting rights. The company holds 86,121,915 shares in treasury. This information is relevant for shareholders to determine their notification obligations under the FCA's Disclosure Guidance and Transparency Rules.

London Stock Exchange·
UK
TRIG
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London Stock Exchange·
UK
TRIG
0.00%
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