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Announced

3i to acquire the remaining 50% stake in ESVAGT from AMP Capital for £268m.

Synopsis

3i, a British multinational private equity and venture capital company, agreed to acquire the remaining 50% stake in ESVAGT, a provider of service operation vessels, from AMP Capital, a large global investment manager headquartered in Sydney, for £268m. "ESVAGT’s transition into a market leader in European offshore wind has been a major achievement. We believe that it is well-placed to benefit from continuing attractive growth prospects in the wind sector and we are delighted to be acquiring 100% of the business," Richard Laing, 3i Infrastructure Chair.

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