3i Infrastructure plc completes acquisition of ESVAGT
3i Infrastructure plc (“3i Infrastructure”) and AMP Capital have completed the joint acquisition of 100% of Danish company ESVAGT A/S from Maersk Group, following clearance from the European Commission under the EU Merger Regulation.
3i Infrastructure invested £111m to acquire its 50% interest. The transaction was announced on 7 July 2015.
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For further information, contact:
Chairman, 3i Infrastructure plc
Tel: +44 1534 847 410
Tel: +44 20 7975 3258
Kathryn van der Kroft
Tel: +44 20 7975 3021
Notes to editors:
About 3i Infrastructure plc
3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The Company is a long-term investor in infrastructure businesses and assets. The Company’s market focus is on economic infrastructure in developed economies, principally in Europe, in the utilities, transportation and energy sectors, investing in operational businesses which generate long-term yield and capital growth. 3i Infrastructure also has investments in social infrastructure and is building its exposure to primary PPP and low risk energy projects.
3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority and acts as Investment Adviser to 3i Infrastructure plc.
ESVAGT is a leading provider of offshore safety and support at sea primarily in and around the North Sea and the Barents Sea. The fleet comprises modern offshore support vessels with high quality specifications designed for operations in harsh weather conditions.
ESVAGT is known and recognized as an attractive, reliable and responsible partner providing our customers with services including rescue, oil recovery, firefighting, towing, supply, anchor handling and multi field service.
ESVAGT has a fleet of 43 vessels (plus 1 Service Operation Vessel for offshore wind scheduled/commissioned by 2016) and more than 800 employees on- and offshore. Our fleet provides the daily safety and support functions within the offshore wind and oil & gas industries.