INPPLondon Stock Exchange

International Public Partnerships

FTSE 250

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International Public Partnerships INPP4 Nov 2026

BeNEX platform wins a new €26m rail concession

BeNEX, INPP's wholly owned German regional rail business, has been awarded the Rhein-Ruhr-Express Teilnetz B (RRX-B) concession, requiring a further c.€26m investment from INPP during 2027-2031 (majority weighted towards the end of this period), covering up to 5.1m train km p.a. over a 15-year term across North Rhine-Westphalia and Lower Saxony. On completion, BeNEX's network will expand to over 80 million train km p.a. and more than 160 million annual passengers, with the acquisition expected to generate an IRR in the low to mid-teens, funded via realisation proceeds and surplus operating cash (with possible short-term use of the corporate debt facility).

Summarised by The Shareholders Board from the RNS.

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