By Frank Prenesti
Date: Monday 06 Dec 2021
LONDON (ShareCast) - (Sharecast News) - 3i Infrastructure has bought a 92% stake in equipment rental company SRL Traffic Systems for £191m.
Management has re-invested to buy the remaining 8% stake, while 3i provided a further £83m of debt financing to SRL with the intention of replacing this with third party debt "in due course", the company said on Monday.
Chesire-based SRL owns a fleet of almost 13,000 items of equipment including temporary traffic lights, which it rents to local authorities, utilities, contractors and traffic management companies from a nationwide network of depots.
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Currency | UK Pounds |
Share Price | NULL |
Closing Price Change | -4.00p |
% Change | 0.00 % |
52 Week High | NULL |
52 Week Low | 301.00p |
Volume | 0 |
Shares Issued | 922.40m |
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Strong Buy | 2 |
Buy | 2 |
Neutral | 2 |
Sell | 0 |
Strong Sell | 0 |
Total | 6 |
Latest | Previous | |
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Final | Interim | |
Ex-Div | 12-Jun-25 | 21-Nov-24 |
Paid | 11-Jul-25 | 13-Jan-25 |
Amount | 6.33p | 6.33p |
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