3i Infrastructure PLC Completion of acquisition of 60% stake in DNS:NET (6537B)
June 11 2021 - 5:09AM
UK Regulatory
TIDM3IN
RNS Number : 6537B
3i Infrastructure PLC
11 June 2021
11 June 2021
3i Infrastructure plc completes the acquisition of a 60% stake
in DNS:NET
3i Infrastructure plc ("3i Infrastructure") has completed the
acquisition of a 60% stake in DNS:NET (alongside Founder and CEO
Alexander Lucke, who has reinvested to retain a 40% stake).
3i Infrastructure has invested c.EUR182 million to acquire its
stake in DNS:NET and to provide additional funding for the future
growth of the business. DNS:NET is a leading independent
telecommunications provider in Germany.
The transaction was announced on 1 April 2021.
-ENDS-
For further information, contact:
Thomas Fodor Tel: +44 20 7975 3469
Investor enquiries Email: thomas.fodor@3i.com
Kathryn van der Kroft Tel: +44 20 7975 3021
Media enquiries Email: kathryn.vanderkroft@3i.com
Notes to editors:
3i Infrastructure plc
3i Infrastructure plc is a Jersey-incorporated, closed-ended
investment company, an approved UK Investment Trust, listed on the
London Stock Exchange and regulated by the Jersey Financial
Services Commission. It is a long-term investor in infrastructure
businesses and assets. Its market focus is on economic
infrastructure and greenfield projects in developed economies,
principally in Europe, investing in operating businesses and
projects which generate long-term yield and capital growth.
3i Investments plc, a wholly-owned subsidiary of 3i Group plc,
is authorised and regulated in the UK by the Financial Conduct
Authority and is the investment manager of 3i Infrastructure
plc.
DNS:NET
DNS:NET Internet Service GmbH (DNS:NET) was founded in 1998 and
is one of the full-service network operators in Germany, with its
headquarters in Berlin/Brandenburg and a branch in Saxony-Anhalt.
DNS:NET is the largest alternative broadband service provider in
Brandenburg. Using its own fibre optic rings and high-security data
centers, the service portfolio of DNS:NET covers the entire
spectrum of IP-based services for business customers as well as
telephony, Internet connections and TV products for consumers.
Since 2007, DNS:NET has invested specifically in fibre
infrastructure to bring Gigabit Internet to white and grey spot
regions (areas with slow Internet). DNS:NET invests specifically in
fibre optic expansion in Germany and builds FTTH networks for
cities and rural areas to shape the roll-out of fibre technology in
Germany.
www.dns-net.de
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ACQBGGDLIGBDGBB
(END) Dow Jones Newswires
June 11, 2021 06:09 ET (10:09 GMT)
3i Infrastructure (LSE:3IN)
Historical Stock Chart
From Mar 2024 to Apr 2024
3i Infrastructure (LSE:3IN)
Historical Stock Chart
From Apr 2023 to Apr 2024