Applegreen PLC Completion of Acquisition (2417O)

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: 
                                              [phone] 
 Applegreen                                    4800 
 Bob Etchingham (CEO) 
 Niall Dolan (CFO) 
 
                                              [phone] 
 Drury Porter Novelli (Ireland PR Adviser)     5000 
 Paddy Hughes 
 
                                              [phone] 
 MHP Communications (UK PR Adviser)            8100 
 Simon Hockridge 
 Peter Hewer 
 Guy Featherstone 
 
                                              [phone] 
 Shore Capital                                 4090 
 Stephane Auton 
 Patrick Castle 
 Daniel Bush 
 
                                              [phone] 
 Goodbody                                      0420 
 Joe Gill 
 Siobhan Wall 
 Richard Tunney 
 

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October 01, 2019 02:00 ET (06:00 GMT)