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abrdn leads investment partnership in NGE Fibre alongside NGE Concessions and brings TINC on board.
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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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