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Fiera Infrastructure – Acquisition of fibre company in Spain

Canada’s Fiera Infrastructure has agreed to acquire Spanish fibre company Islalink from EQT Infrastructure for a reported EUR 50m. Islalink owns and operates a subsea fibre link connecting Mallorca and Ibiza with mainland Spain. This is Fiera’s third investment in Europe, after buying a minority stake in Thames Water in April 2017 and a portfolio of UK rooftop solar assets in December 2017.