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IN BRIEF: International Public Partnerships plans more share buybacks

ALN

International Public Partnerships Ltd - invests in public infrastructure projects globally - Has completed £53 million of its current £60 million share buyback programme, which will end by the end of March. INPP says it expects to ‘expand and extend’ the buyback programme to combat the discount of its share price to net asset value. The company will provide an update with its annual results on other measures it plans to take to to reduce the discount. INPP didn’t provide a date for this, though in the past it has released its annual results at the end of March.

Current stock price: 117.00 pence

12-month change: down 6.0%

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