IN BRIEF: 3i Infrastructure completes 60% stake buy in DNS:NET

3i Infrastructure PLC - infrastructure investment company investing mainly in Europe and Asia - ...

Alliance News 11 June, 2021 | 12:14PM
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3i Infrastructure PLC - infrastructure investment company investing mainly in Europe and Asia - Completes acquisition of a 60% stake in DNS:NET, alongside Founder & Chief Executive Alexander Lucke, who has reinvested to retain a 40% stake.

Company has invested about EUR182 million to acquire the stake in DNS:NET, a telecommunications provider in Germany.

Established in 1998, DNS:NET owns the largest independent fibre-to-the-cabinet network in the Berlin area, as well as three data centres.

3i Infrastructure is buying its stake from private equity fund Deutsche Beteiligungs AG.

Current stock price: 305.61 pence

Year-to-date change: down 0.8%

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
3i Infrastructure Ord 306.00 GBX -0.33 -

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