3i Infrastructure (GB:3IN) has released an update.
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3i Infrastructure PLC has announced a lucrative offer to sell its approximately 33% stake in European renewable energy company Valorem, with the deal expected to close in Q1 2025 pending regulatory approval. The sale is set to bring in around €309 million, marking a significant valuation increase and providing capital to pay down the company’s credit line. Over the span of eight years, Valorem has seen substantial growth in its operational assets and EBITDA, positioning it for further expansion in the renewable energy sector.
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