Source - Alliance News

3i Infrastructure PLC on Friday said it has completed the sale of its stake in Dutch waste management company Attero to French investment firm Ardian Infrastructure.

3i Infrastructure, a Jersey-based infrastructure investment trust, back in July announced the sale of its 25% stake in Attero, a waste treatment and recycling company in the Netherlands.

3i will receive €215 million for the sale, which will be used to partially repay drawings on the company’s revolving credit facility.

Also, 3i said it has completed a further investment of £30 million in Future Biogas Ltd to fund the acquisition of two anaerobic digestion plants which are currently operated by Future Biogas.

3i Infrastructure shares were 0.3% higher at 327.50 pence each on Friday morning in London.

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

3I Infrastructure PLC (3IN)

+2.50p (+0.75%)
delayed 17:16PM