3i Infrastructure has announced that it has signed an agreement to sell a 17.5% stake in Attero, a waste treatment and processing company operating in the Netherlands. 3i Infrastructure invested in the company in June 2018.
With this sale, 3i Infrastructure’s stake in the holding company for Attero will decrease from 50% to c.32.5%, in exchange for a EUR71 million (US$82.43 million) consideration, representing a small premium to the purchase price.
Following completion, 3i Investments plc, the Company’s Investment Adviser, will retain governance of the entire 50% stake. 3i Infrastructure is considering syndicating a further tranche of around 15% of its original 50% stake in Attero in the coming months.