Applegreen PLC Completion of Acquisition (2417O)
October 01 2019 - 1:00AM
UK Regulatory
TIDMAPGN
RNS Number : 2417O
Applegreen PLC
01 October 2019
Applegreen plc
("Applegreen" or the "Company")
Completion of Acquisition of a Minority Stake in Connecticut
Services Area Operator
Dublin, London, 1 October 2019: Further to the Company's
announcement of 7 August 2019, Applegreen is pleased to announce
that the acquisition of 23 on-highway service plazas in
Connecticut, US ("CT Service Plazas") by a consortium, of which
Applegreen is a member, completed on 30 September 2019. The
completion follows approval of the acquisition by the Connecticut
Department of Transportation.
Applegreen now holds a 40 per cent stake in JLIF Holdings
(Project Service) US, Inc. and its 100% subsidiary, Project
Service, LLC, which operates the CT Service Plazas. The remaining
equity interests are held by Applegreen's consortium partners IST3
Investment Foundation, acting in respect of and on behalf of its
investment group IST3 Infrastruktur Global, and TD Greystone Asset
Management on behalf of and as manager of the Greystone
Infrastructure Fund (Global Master) L.P.
For further enquiries, please contact:
+353 (0) 1 512
Applegreen 4800
Bob Etchingham (CEO)
Niall Dolan (CFO)
+353 (0) 1 260
Drury Porter Novelli (Ireland PR Adviser) 5000
Paddy Hughes
+44 (0) 20 3128
MHP Communications (UK PR Adviser) 8100
Simon Hockridge
Peter Hewer
Guy Featherstone
+44 (0) 20 7408
Shore Capital 4090
Stephane Auton
Patrick Castle
Daniel Bush
+353 (0) 1 667
Goodbody 0420
Joe Gill
Siobhan Wall
Richard Tunney
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END
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