International Public Partnerships Ltd on Wednesday said that investee BeNEX completed the acquisition of Abellio’s regional rail operations in Germany.

The London-based infrastructure investor said the acquisition principally comprises two train operating companies generating largely availability-based revenues.

The seller of Abellio Germany is Dutch State Railway.

‘The transaction results in BeNEX becoming one of the largest providers of local rail passenger transport in Germany, and further increases the Company’s contribution to the decarbonisation of transport within Germany,’ International PPL said.

International PPL Chair Mike Gerrard said: ‘We are pleased to announce this acquisition, which strengthens our presence in Germany’s transport sector. This transaction was considered more attractive than alternative capital allocation options. In addition, the acquisition further supports the company’s strategy to support the transition to net zero and deliver sustainable growth.’

International PPL Shares were 1.4% higher at 128.00 pence each on Wednesday afternoon in London.

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