Actualización de transacciones
15 de febrero de 2024
Infraestructura India plc
("IIP" o la "Compañía" y, junto con sus filiales, el "Grupo")
DLI Transaction Update
Infrastructure India plc, an AIM quoted infrastructure fund investing directly into assets in India, announces that it will not be proceeding with the conditional sale of the Group's interest in 99.99% of Distribution Logistics Infrastructure Private Limited ("DLI") to Pristine Malwa Logistics Park Private Limited ("Pristine Malwa"), announced on 6 September 2023.
Some key areas of the conditional share purchase and shareholders' agreement were subject to final agreement, which could not be reached in a manner satisfactory to the IIP Board, in the best interests of IIP shareholders, and potentially materially undervalued DLI in the Board's view. Consequently, Distribution Logistics Infrastructure Limited (Mauritius), IIP's wholly-owned subsidiary, has issued a termination notice to Pristine Malwa. Neither Pristine Malwa nor DLI had fulfilled all conditions precedent and the long stop date has expired without a mutually agreed extension.
DLI is a supply chain transportation and container infrastructure company headquartered in Bangalore and Gurgaon with a material presence in central, northern and southern India. DLI provides a broad range of logistics services including rail freight, trucking, handling, customs clearing and bonded warehousing with terminals located in the strategic locations of Nagpur, Bangalore, Palwal in the National Capital Region and Chennai. DLI is the largest asset in the Group's portfolio. DLI was valued at £176.2 million in IIP's unaudited interim results for the period ended 30 September 2022, representing 88% of the Group's portfolio at that date.
The Company is actively exploring alternatives and will provide an update to shareholders, as appropriate, in due course.
La Compañía considera que la información contenida en este anuncio constituye información privilegiada según lo estipulado en el Reglamento de Abuso de Mercado (UE) No. 596/2014, ya que forma parte de la legislación nacional del Reino Unido en virtud de la Ley de (Retirada) de la Unión Europea de 2018 (modificado).
- Termina -
Consultas:
Infraestructura India plc Sonny Lula
|
www.iiplc.com Vía Novella |
| |
Strand Hanson Limited Asesor Nominado Richard Johnson/James Danza
| +44 0 20 7409 3494 |
Mercados de capitales de cantante Broker James Maxwell - Finanzas corporativas James Waterlow - Ventas de fondos de inversión
| +44 0 20 7496 3000 |
Novela PR financiera Tim Robertson / Safia Colebrook | +44 0 20 3151 7008 |
RNS puede usar su dirección IP para confirmar el cumplimiento de los términos y condiciones, para analizar cómo interactúa con la información contenida en esta comunicación y para compartir dicho análisis de forma anónima con otros como parte de nuestros servicios comerciales. Para obtener más información sobre cómo RNS y la Bolsa de Valores de Londres utilizan los datos personales que nos proporciona, consulte nuestra Política de privacidad.