REG - Bazalgette Finance Bazalgette Tunnel Ld - Holding(s) in Company
08/09/2022 08:15
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220908:nRSH6743Ya&default-theme=true RNS Number : 6743Y Bazalgette Finance PLC 08 September 2022 8 September 2022 Bazalgette Finance plc CONSOLIDATION OF OWNERSHIP ARRANGEMENTS OF TIDEWAY Bazalgette Finance plc confirms the conclusion of the process in respect of the consolidation of ownership of the Bazalgette group of companies including Bazalgette Tunnel Ltd, trading as Tideway, which had been announced in June 2022 subject to third party approvals. DIF Capital Partners has divested its 10.66 per cent stake in Tideway, which was acquired by the company's other existing shareholders, an affiliate of Allianz Capital Partners, Dalmore Capital and two Amber Infrastructure-related entities (International Public Partnerships and Swiss Life Asset Managers). The transaction has come about as one of DIF's underlying investment funds is coming to the end of its fund life. Notes: 1. Tideway is building the Thames Tideway Tunnel, a 25km-long sewer tunnel which is due to become operational in 2025. The tunnel will dramatically improve the water quality of the river Thames by tackling overflows from London's existing sewer system. Earlier this year, the company successfully completed the tunnelling phase of the project. 2. The Bazalgette group of companies comprise Bazalgette Equity Limited, Bazalgette Holdings Limited, Bazalgette Ventures Limited, Bazalgette Tunnel Limited and Bazalgette Finance plc. More information on the Bazalgette group company structure and existing ownership arrangements is available on the Tideway website: www.tideway.london (http://www.tideway.london) For further information, please contact: investor.relations@tideway.london press@tideway.london Taylor Geall 07813 450 682 Bazalgette Finance plc Cottons Centre Cottons Lane London SE1 2QG This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END HOLEAKNXEFSAEFA