3i Infrastructure PLC 3i Infrastructure plc completes investment in GCX (1831Y)
September 05 2022 - 2:00AM
UK Regulatory
TIDM3IN
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
Kathryn van der Kroft Tel: +44 20 7975 3021
Media enquiries Email: 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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END
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