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MQG Macquarie Group Limited

188.00
-1.00 (-0.53%)
24 Apr 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Macquarie Group Limited ASX:MQG Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -0.53% 188.00 187.42 188.41 191.43 187.81 190.50 562,359 09:50:00

3i Infrastructure Sells Stake in Elenia for GBP725 Million

13/12/2017 3:04pm

Dow Jones News


Macquarie (ASX:MQG)
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By Carlo Martuscelli 
 

3i Infrastructure PLC (3IN.LN) said Wednesday that it had agreed to sell its stake in Elenia to a consortium that includes Allianz Capital Partners on behalf of the Allianz Group.

The deal to sell 3i Infrastructure's stake in Elenia, a Finnish power company, was valued at 725 million pounds ($967.5 million).

The investment company said Elenia was valued at GBP498 million at Sept. 30.

3i Infrastructure said it was selling its holding in Elenia to Allianz Capital Partners, Macquarie Infrastructure and Real Assets, and Finland's state pension fund Valtion Elakerahasto.

3i Infrastructure bought its stake in Elenia in January 2012, together with GS Infrastructure Partners and Ilmarinen Mutual Pension Insurance Company.

 

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

 

(END) Dow Jones Newswires

December 13, 2017 09:49 ET (14:49 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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