The World Bank Group, in cooperation with the Islamic Development Bank, is looking to set up a regional initiative to help bridge an infrastructure gap in the Middle East and North Africa. The initiative is expected to raise $1bn.
1 min read · 05 January 2013
3i Infrastructure has signed a credit facility of £200m for a period of three years. The facility has been arranged with a syndicate of five banks including Lloyds and RBS, among others.
1 min read · 05 January 2013
3i Infrastructure has reported in its half-yearly results that its portfolio income generation has increased to £30.5m, more than double the portfolio income generated in the previous corresponding period.
2 min read · 05 January 2013
Indian firm GVK has sold a 21.1% stake in its energy business to 3i Infrastructure and a second buyer for $260m. 3i will pay $182m, amounting to around a 16% stake in GVK, with the other investor covering the remaining.
1 min read · 05 January 2013
Indian airport operator GVK Power and Infrastructure is understood to be in talks with several private equity investors to raise up to $600m for its airport and energy businesses. The company is believed to be offering a sale of up to 30% in its airport business to private investors.
1 min read · 05 January 2013
A BNP Paribas fund has reached financial close on a €93.5m senior debt for the construction of a 30-megawatt solar photovoltaic power plant in Italy. The project is expected to be operational in the first quarter of 2011.
1 min read · 05 January 2013
Gortahile Windfarm, which owns and operates a 20-megawatt project in County Laois in Ireland, has been acquired by a fund managed by BNP Paribas Clean Energy Partners. The fund, which has a target size of €405m, aims to acquire additional wind generation assets in Ireland over a course of its investment period.
2 min read · 05 January 2013
London-based listed fund manager, Intermediate Capital Group, is likely to expand its operations to asset classes such as infrastructure and real estate.
1 min read · 05 January 2013
Spanish infrastructure group Ferrovial has agreed to sell its airport ground handling company Swissport International to Paris-based private equity firm PAI Partners for €654m. The transaction is expected to close by the end of the year following approval from the competition authorities.
1 min read · 05 January 2013
The Cerre de Hula wind energy plant in Honduras should be operational in 2012 and is expected to generate 6% of the country’s power.
2 min read · 05 January 2013
