3i Infrastructure completes investment in Valorem

RNS Number : 5936J

3i Infrastructure PLC

12 September 2016

 

3i Infrastructure plc completes investment in Valorem

12 SEPTEMBER 2016

3i Infrastructure plc ("3i Infrastructure") has completed its investment in the renewable development and operating company Valorem.

3i Infrastructure has invested €57m today to acquire its 28.5% interest in the French business and to fund the company's pipeline. 3i Infrastructure acquired its interest from FCPR Capenergie (a fund managed by Omnes Capital) and other minority shareholders. 3i Infrastructure has also committed to invest a further €12m over the next three years with a view to increasing the company's owned installed capacity.

The transaction was announced on 14 July 2016.

For further information, contact:

Richard Laing Chairman, 3i Infrastructure plc	Tel: [phone]
Silvia Santoro Shareholder enquiries	Tel: [phone] Email: [e-mail]
Toby Bates Media enquiries	Tel: [phone] Email: [e-mail]
Thomas Fodor LP enquiries	Tel: [phone] Email: [e-mail]

Notes to editors:

About 3i Infrastructure plc

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The Company is a long-term investor in infrastructure businesses and assets. The Company's 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 acts as Investment Adviser to 3i Infrastructure plc.

About Valorem

Valorem was founded in 1994 and is based in Bègles. Valorem is an independent renewable energy operator which develops renewable energy projects for its own account and on behalf of third parties. Its services include technical assistance and development, engineering, construction and operation and maintenance. The company predominantly develops onshore wind farms, as well as photovoltaic systems in France and internationally.

 

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