3i Infrastructure (3IN) Share Price Traded Sideways- Here’s Why

The 3i Infrastructure PLC (LON: 3IN) share price traded sideways despite announcing that it had recently made significant moves in its investment portfolio, demonstrating its commitment to strategic financial management and environmentally sustainable practices.

The company announced two notable transactions that underscore its commitment to maximising shareholder value while contributing positively to the green energy landscape. Firstly, on November 30th, 3i Infrastructure successfully concluded the sale of its approximately 25% stake in Attero, a prominent player in the Netherlands waste treatment and recycling sector. 

Initially disclosed on July 24, 2023, the sale saw the Company divesting its interest in Attero to Ardian, aligning with its strategic objectives. 

The significance of this transaction lies not only in its financial implications but also in its broader environmental context. Attero is renowned for its pivotal role in waste management and recycling in the Netherlands, contributing to reducing environmental impact and promoting sustainable practices.

By divesting its stake in Attero, 3i Infrastructure has unlocked valuable capital and continued its commitment to fostering sustainability in the European market.

The net sale proceeds from this transaction amount to a substantial €215 million, a sum set to be deployed wisely. The Company has earmarked these funds to repay drawings on its revolving credit facility partially. 

The current financial strategy ensures that 3i Infrastructure maintains a prudent and balanced approach to its capital structure, optimising its financial position for future growth and investment opportunities.

However, the Company's commitment to sustainable investments does not stop with divestments. In a strategic move to expand its presence in the green energy sector, 3i Infrastructure completed a significant investment of £30 million in Future Biogas on the same day.

This investment will be channelled toward facilitating the acquisition of two anaerobic digestion plants presently operated by Future Biogas.

The latest investment is fully aligned with the Company's overarching strategy to foster the growth of Future Biogas as a prominent developer, asset owner, and operator of green gas plants within the United Kingdom. 

3i Infrastructure (3IN) share price. 

The 3i infrastructure share price traded sideways despite the sale of its stake in Attero and Future Biogas investment.