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Pantheon Infrastructure PLC on Monday said it will invest £40 million in Dutch electricity infrastructure provider, Fudura BV.
The London-based investment company co-invested alongside investment manager, DIF Capital Partners.
Fudura will be the first asset in Pantheon Infrastructure's 'renewables & energy efficiency' category in its portfolio. The investment in Fudura fits into Pantheon's diversification targets and strategy.
Zwolle, Netherlands-based Fudura offers electricity infrastructure to companies seeking energy efficient solutions, secure energy supply and carbon neutrality. Its strategy is to broaden its services within energy transition.
As it stands, Fudura has around 22,000 business customers consisting of larger companies, public institutions and small-to-medium enterprises.
Investment manager and partner at Pantheon, Richard Sem, said: ‘As an Article 8 fund under the Sustainable Finance Disclosure Regulation, PINT and Pantheon are especially committed to portfolio companies' impact on the environment, as well as to societal and governance issues. The investment in Fudura fits well with our objectives and PINT's strategy, and we look forward to our partnership with DIF on this asset.’
Shares in Pantheon Infrastructure were down 1.2% at 102.76 pence per share in London on Monday.
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