REG - 3i Infrastructure - 3i Infrastructure plc completes investment in GCX

3i InfrastructureAnnouncement

05/09/2022 07:00

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RNS Number : 1831Y  3i Infrastructure PLC  05 September 2022

3i Infrastructure plc completes its investment in GCX

 

5 SEPTEMBER 2022

 

3i Infrastructure plc has completed its $377 million investment to acquire a
100% stake in Global Cloud Xchange ("GCX"), a leading global data
communications service provider and owner of the world's largest private
subsea fibre optic network.

 

The transaction was announced on 17 November 2021 and completed on 2 September
2022. Additional acquisition debt was raised in March 2022, reducing 3i
Infrastructure plc's previously announced equity commitment of $512 million.

 

GCX trading and cash flow performed strongly in the year to 31 March 2022 and
the good momentum in the business has continued into the company's current
financial year.

 

 

-ENDS-

 

 

 

For further information, contact:

 Thomas Fodor            Tel: +44 207 975 3469

 Investor enquiries      Email: thomas.fodor@3i.com (mailto:thomas.fodor@3i.com)

 Kathryn van der Kroft   Tel: +44 20 7975 3021

 Media enquiries         Email: kathryn.vanderkroft@3i.com (mailto:kathryn.vanderkroft@3i.com)

 

 

Notes to editors:

 

3i Infrastructure plc

 

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment
company, an approved UK Investment Trust, listed on the London Stock Exchange
and regulated by the Jersey Financial Services Commission. The Company's
purpose is to invest responsibly in infrastructure, delivering long-term
sustainable returns to shareholders and having a positive impact on our
portfolio companies and stakeholders.

 

3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised
and regulated in the UK by the Financial Conduct Authority and is the
investment manager of 3i Infrastructure plc.

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