TIDM3IN

RNS Number : 1831Y

3i Infrastructure PLC

05 September 2022

3i Infrastructure plc completes its investment in GCX

5 SEPTEMBER 2022

3i Infrastructure plc has completed its $377 million investment to acquire a 100% stake in Global Cloud Xchange ("GCX"), a leading global data communications service provider and owner of the world's largest private subsea fibre optic network.

The transaction was announced on 17 November 2021 and completed on 2 September 2022 . Additional acquisition debt was raised in March 2022, reducing 3i Infrastructure plc's previously announced equity commitment of $512 million.

GCX trading and cash flow performed strongly in the year to 31 March 2022 and the good momentum in the business has continued into the company's current financial year.

-ENDS-

For further information, contact:

 
 
   Thomas Fodor              Tel: +44 207 975 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. The Company's purpose is to invest responsibly in infrastructure, delivering long-term sustainable returns to shareholders and having a positive impact on our portfolio companies and stakeholders.

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

MSCDZGGLNZLGZZM

(END) Dow Jones Newswires

September 05, 2022 02:00 ET (06:00 GMT)

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