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TIIC and 3i Group – Acquisition of road concession stakes in Ireland

 

TIIC 2 and 3i European Operational projects fund have acquired two Irish motorway concessions. The investors have reached financial close on their acquisition of a 75% stake in the DirectRoute Fermoy (DBFOM until 2034 of a 17.5km toll motorway between Fermoy and Watergrasshill). Financial details of the transaction have not been disclosed.