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HICL commits up to €21m in Paris-Sud University project

StockMarketWire.com

HICL said Monday it committed up to €21m, alongside Bouygues Energies & Services and Bouygues Batiment Grand Ouest, for an 85% stake in the Biology, Pharmacy and Chemistry department of the Paris-Sud University project.

The project was said to involve the design, construction, financing and maintenance of new teaching and research facilities for the Paris-Sud University, on the Saclay Plateau, near Paris.

Bouygues Batiment Grand Ouest will build the facilities, which are expected to be completed within approximately four years.

'As a public-private private partnership (PPP), the project fits within a core target market segment within HICL's stated acquisition strategy,' HICL said.









Story provided by StockMarketWire.com