Less Ads, More Data, More Tools Register for FREE

Pin to quick picks3i Infrastructure Share News (3IN)

Share Price Information for 3i Infrastructure (3IN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 325.50
Bid: 325.00
Ask: 326.00
Change: 7.00 (2.20%)
Spread: 1.00 (0.308%)
Open: 320.50
High: 326.00
Low: 316.50
Prev. Close: 318.50
3IN Live PriceLast checked at -
3i Infrastructure is an Investment Trust

To build a diversified portfolio of equity investments in entities owning infrastructure businesses and assets by seeking investment opportunities globally, but with a focus on Europe, North America and Asia.

Find out More

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

3i Infrastructure Mulls Return Target Following Eversholt Stake Sale

Wed, 28th Jan 2015 08:46

LONDON (Alliance News) - 3i Infrastructure PLC Wednesday said it will review its return target as the sale of its stake in UK train-leasing company Eversholt Rail Group is completed and the pipeline of opportunities for investment becomes clearer over the coming months.

In a statement, the infrastructure investor, which is advised by 3i Group PLC's 3i Investments, said it will review its return objective in order to ensure that this is sustainable over the long-term. The move comes as part of an annual review of the company's strategy, with the outcome expected to be disclosed before the company reports annual results in May.

The sale of its Eversholt stake earlier this month will generate an "exceptional return" for shareholders, according to Chairman Peter Sedgwick.

"While we generally aim to hold our core infrastructure investments over the long term, after a careful evaluation of the price offered against our assessment of the long-term potential for the business, we decided that a sale of our holding in the business would generate significant additional value for our shareholders. The other assets in the portfolio continue to perform well and the portfolio overall is generating good levels of income," Sedgwick said in a statement.

According to the co-heads of infrastructure at 3i Investments, Ben Loomes and Phil White, work has already been done on identifying potential new investments.

"We have been busy developing a healthy pipeline of investment opportunities and the company looks forward to bidding on a number of core infrastructure opportunities over the coming months. We will continue to be disciplined in bidding for new investments, maintaining our focus on investments that deliver attractive risk-adjusted returns to the company's shareholders," Loomes and White said in the company's statement.

3i Infrastructure is selling its 28% stake in Eversholt, one of three train rolling stock leasing companies in the UK, to CK Investments SARL, a company jointly owned by Hong Kong-based Cheung Kong Infrastructure Holdings Ltd and Cheung Kong (Holdings) Ltd.

The sale is to generate GBP358 million for 3i Infrastructure, while it also received a distribution of GBP15.5 million from Eversholt Rail at the end of December 2014, bringing total proceeds to GBP374 million, representing an uplift of about GBP131 million to a valuation of GBP240.8 million and interest accrual of GBP1.2 million at the end of September last year.

3i Infrastructure expects to receive the GBP358 million in March. Completion of the deal remains conditional upon receiving clearance from the European Commission.

The news came as 3i Infrastructure said its portfolio generated GBP28.2 million of income in the third quarter, which ended at the end of December 2014, including the GBP15.5 million dividend received from Eversholt Rail.

3i Infrastructure committed to invest GBP26.5 million in the quarter in two primary public-private partnership investments, La Santé prison in France and A9 Gaasperdammerweg in the Netherlands.

The company reiterated that rising infrastructure asset prices are continuing, meaning returns are likely to be lower.

"While the returns compression in the infrastructure market has positive value implications for the company's existing European portfolio, these competitive market conditions make it more challenging for the company to find new investment opportunities in core infrastructure consistent with its current annual return objective," the company said.

3i Infrastructure shares were down 0.2% at 155.75 pence on Wednesday morning.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
9 May 2019 09:29

3i Infrastructure shares up as firm turns in 'strong' portfolio performance

(Sharecast News) - 3i Infrastructure described its portfolio performance as "strong" in its full-year results on Thursday, with a 15.4% total return on opening net asset value, falling from 28.6% in 2018.

Read more
1 May 2019 08:04

3i Infrastructure completes takeover of Dutch firm Joulz

(Sharecast News) - 3i Infrastructure has completed the acquisition of Joulz Diensten, it announced on Wednesday, following the receipt of third-party approvals.

Read more
29 Mar 2019 08:07

3i Infrastructure pleased with performance ahead of year-end

(Sharecast News) - Investment company 3i Infrastructure updated the market on its performance on Friday, reporting total income and non-income cash of £69m in the period from 1 October to 28 March.

Read more
13 Mar 2019 08:56

3i Infrastructure To Acquire Joulz Diensten For EUR220 Million

LONDON (Alliance News) - 3i Infrastructure PLC on Wednesday said it will acquire Dutch energy infrastructure equipment provider Joulz Diensten BV through a EUR220 million investment.Joulz a

Read more
13 Mar 2019 07:30

3i Infrastructure acquiring Joulz Diensten in EUR 220m deal

(Sharecast News) - 3i Infrastructure has agreed to invest €220m to acquire 100% of Dutch energy infrastructure equipment and services provider Joulz Diensten, it announced on Wednesday.

Read more
5 Feb 2019 13:21

3i Infrastructure Sells Cross London Trains Stake For GBP333 Million

LONDON (Alliance News) - 3i Infrastructure PLC said Tuesday it has sold its 33.3% stake in Cross London Trains for about GBP333 million.3i Infrastructure said the valuation of the stake in

Read more
5 Feb 2019 12:38

3i Infrastructure to sell stake in Cross London Trains

(Sharecast News) - 3i Infrastructure has agreed to sell its 33.3% stake in Cross London Trains (XLT) to a consortium of Dalmore and Equitix.

Read more
30 Jan 2019 07:28

3i Infrastructure on track to deliver target dividend

(Sharecast News) - Long-term infrastructure investor 3i Infrastructure updated the market on its third quarter on Wednesday, reporting that its portfolio overall continued to perform in line with expectations, and was delivering a good level of income.

Read more
14 Oct 2018 16:25

Sunday share tips: Vodafone, Sabre Insurance, 3i Infrastructure

(Sharecast News) - A round-up of Sunday's newspaper share tips, including Sabre Insurance in the Mail on Sunday and Vodafone in the Sunday Times.

Read more
28 Sep 2018 09:34

3i Infrastructure on track to pay higher full-year dividend

(Sharecast News) - 3i Infrastructure updated the market on its performance on Friday, as it entered the close period for the half-year ending 30 September, highlighting its commitment to invest €220m in Tampnet AS during the period to 27 September.

Read more
28 Aug 2018 13:05

Tuesday broker round-up

(Sharecast News) - John Laing Group: RBC Capital Markets downgrades to sector perform with a target price of 330p.

Read more
3 Apr 2018 09:38

3i Infrastructure Buys 50% Stake In Attero For EUR201 Million

LONDON (Alliance News) - 3i Infrastructure PLC said Tuesday it will invest EUR201.0 million for a 50% stake in Dutch waste treatment and disposal company said

Read more
29 Mar 2018 13:10

3i Infrastructure Dividend On Track As Portfolio Performs In Line

LONDON (Alliance News) - 3i Infrastructure PLC said on Thursday, ahead of its year-end on Saturday, that it remains on track to deliver its dividend target.The company

Read more
15 Mar 2018 17:09

DIRECTOR DEALINGS: 3i Infrastructure Non-Executive Buys Shares

LONDON (Alliance News) - 3i Infrastructure PLC said that Non-Executive Director Paul Masterton purchased 5,000 shares at a price of 203.40 pence per share, for

Read more
12 Mar 2018 10:22

Ex-divs to take 1.4 points off FTSE 100 on March 15

LONDON, March 12 (Reuters) - The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. to at

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.