abrdn acquires strategic stake in NGE Fibre
09 January 2024- abrdn leads investment partnership in NGE Fibre alongside NGE Concessions and brings TINC on board.
- NGE Fibre holds significant participations in two Fibre to the Home (FttH) networks deployed across rural areas in the French Region Grand Est, representing c. 1.4 million homes passed.
abrdn’s Concession Infrastructure business, a long-term investor in infrastructure projects across the globe, has announced a strategic investment in NGE Fibre, a company holding significant participations in two FttH concessions operating c.1.4 million homes passed across rural areas in Region Grand-Est in France. This marks another significant milestone in abrdn Concession Infrastructure’s commitment to investing in digital infrastructure. The transaction represents the team’s first major FttH transaction in France, following a series of successes in Spain. abrdn’s portfolio now consists of 5.4 homes passed.
Eloi Daniault, senior investment director, concession infrastructure, abrdn, said:
“We’re thrilled to announce this investment in NGE Fibre, and a long-term partnership with NGE Concessions and TINC in France. Following three significant investments made in the Fibre sector in Spain since 2019 spanning 4 million homes passed, investing in NGE Fibre brings abrdn Concession Infrastructure to c. 5.4 million homes passed. This marks another major milestone in abrdn’s commitment to enabling local communities to get crucial access to reliable superfast broadband.”
The project has been invested from ASEIP IV, abrdn Concession Infrastrucure’s fourth Pan-European infrastructure fund. The fund targets social and economic infrastructures across the social, transportation, telecommunications and environmental sectors. It is managed by the abrdn Concession Infrastructure platform, managing a portfolio of infrastructure assets in Europe, Northern and Latin Americas, Australasia and the Gulf. abrdn Concession Infrastructure employs 34 investment professionals in 8 offices around the world, and has been operating for over 20 years.
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Debbie Cowe,
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debbie.cowe@abrdn.com
+44 (0) 7711 774017
Notes to editors
About abrdn
- abrdn is a global investment company that helps clients and customers plan, save and invest for the future. Our purpose is to enable our clients to be better investors.
- abrdn manages and administers £495.7bn of assets for clients (as at 30 June 2023).
- Our strategy is to deliver client-led growth. We are structured around three businesses – Investments, Adviser and Personal – focused on their changing needs.
- The capabilities in our Investments business are built on the strength of our insight – generated from wide-ranging research, worldwide investment expertise and local market knowledge.
- Our teams collaborate across regions, asset classes and specialisms, connecting diverse perspectives and working with clients to identify investment opportunities that suit their needs.
- As at 30 June 2023, our Investments business manages £368bn on behalf of clients - including insurance companies, sovereign wealth funds, independent wealth managers, pension funds, platforms, banks and family offices.
- ASEIP IV, abrdn Concession Infrastrucure’s fourth Pan-European infrastructure fund (the “Fund”), was raised in March 2021 for an initial €450m.
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