Talking about a good deal: 3i announced net proceeds of €347 million from selling a part of Scandlines, but remains one of the co-owners.

3i Group plc announced that 3i and funds managed by 3i (together Eurofund V) have sold their investment in Scandlines for a total equity value of €1.7 billion in a transaction with funds managed by First State Investments (“First State”) and Hermes Investment Management, two long-term infrastructure investors representing predominantly European pension funds.

The new consortium formed by First State, Hermes Investment Management and 3i intend to support the further growth of Scandlines, including additional investment in green technology.

Hurtigruten AS is owned by Silk Bidco AS, whose main shareholder is the London-based investment company TDR Capital.

Photo: Scandlines