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February 7, 2007

Flotation of 3i infrastructure fund aims to bring in £1.3bn

Source: The Independent

By Saeed Shah

The private equity business 3i Group is to offer investors a stake in an infrastructure fund that will take a separate London listing and is seeking to raise as much as 1.3bn pounds.

The company will commit at least 325m pounds to the fund, mainly in the form of its existing infrastructure investments, in return for shares in the vehicle. These include the water company AWG, formerly known as Anglian Water, and its investments in PFI projects - including Norfolk and Norwich Hospital.

Full story...

Posted by pichu at February 7, 2007 8:02 AM