3i Infrastructure cashes in on rush for renewable assets
FTSE 250 private equity investment trust 3i Infrastructure (3IN) announced it had received a binding offer for its 33% stake in European independent renewable energy firm Valorem at a premium to book value.
The shares added 3p or 0.8% to 344p, bringing gains over the last year to around 20% against a 16% return for the AIC Infrastructure sector.
BUYERS PAYING A PREMIUM
The offer, which comes fr...