StockMarketWire.com - 3i Infrastructure announced Monday it increased its investment in Infinis by approximately £125m to fund Infinis's acquisition of Alkane Energy.

Infinis is the largest generator of electricity from landfill gas in the UK, in which 3i Infrastructure invested in December 2016.

Alkane operates the largest portfolio of coal mine methane sites in the UK, capturing methane from mothballed and closed coal mines and converting it into electricity.

Richard Laing, Chairman, 3i Infrastructure plc, said: 'We are pleased with today's investment in Alkane. The investment offers an attractive return with a strong cash yield which will contribute to the Company's dividend. It further demonstrates the Investment Adviser's ability to originate bilateral transactions and to build the platform businesses in the Company's existing portfolio.'

Completion is subject to third party approval.


At 8:14am: (LON:3IN) 3i Infrastructure Ltd share price was +0.5p at 197.7p



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