TIDM3IN

RNS Number : 7723Q

3i Infrastructure PLC

29 October 2021

29 October 2021

3i Infrastructure plc completes the sale of Oystercatcher's four European terminals

3i Infrastructure plc ("3i Infrastructure") completed the sale of its 45% stakes in four European liquid storage terminals on 29 October after receiving certain third-party consents. The sale, to Evos through its entity Evos Finance B.V. , was announced on 23 September 2021. Evos is owned by funds managed by First Sentier Investors.

The four terminals are Oiltanking Amsterdam B.V., Oiltanking Ghent N.V., Oiltanking Malta Limited and Oiltanking Terneuzen B.V., which collectively provide 3.8 million cubic metres of liquid storage capacity and associated services to a diverse range of customers.

After finalising debt repayment costs, the proceeds to the Company will now be c.EUR55 million, which is higher than the previously announced estimate of EUR50 million.

3i Infrastructure will retain its 45% stake in Oiltanking Singapore Limited, alongside Oiltanking's 55% stake.

-ENDS-

For further information, contact:

 
 
   Thomas Fodor              Tel: +44 20 7975 3469 
   Shareholder enquiries     Email: thomas.fodor@3i.com 
 
   Kathryn van der Kroft     Tel: +44 20 7975 3021 
   Media enquiries           Email: kathryn.vanderkroft@3i.com

About 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.

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

MSCFLFIVIILAFIL

(END) Dow Jones Newswires

October 29, 2021 09:01 ET (13:01 GMT)

3i Infrastructure (LSE:3IN)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more 3i Infrastructure Charts.
3i Infrastructure (LSE:3IN)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more 3i Infrastructure Charts.