Infracapital reached agreement to buy 50% stake in SSE Enterprise Telecoms

Infracapital, the infrastructure equity investment arm of M&G Prudential, has reached an agreement with SSE plc to buy a 50 per cent stake in SSE Enterprise Telecoms for a total consideration of up to £380m. The consideration comprises:£215m to be paid on completion of the transaction which is expected by the end of June 2019; andup to £165m to be paid in a series of instalments, subject to future performance SSE Enterprise Telecoms is one... Source: RealWire