GFH’s Infracorp invests with Equitix in electricity distribution

TDT | Manama                      

The Daily Tribune – www.newsofbahrain.com   

GFH Financial Group’s (“GFH”) sustainable infrastructure platform - Infracorp yesterday announced an initial co-investment with Equitix in Aurora Infrastructure Oy; a well-established monopoly electricity distribution network operating in two key geographical areas of Finland and one of the largest industrial electricity distribution networks in the Nordics region. 

Aurora serves a blue-chip international industrial client base that is highly committed to the network and which has invested more than Euro4.5 billion combined in the Company’s two sites (AKO and ATO) since 2005.

Aurora’s AKO site serves government-backed and/or listed customers in traditional fuels, renewable fuels and chemical products segments, with its main clients being Neste, Borealis, Linde and Veolia.

Its ATO network meanwhile, serves Outukumpu, the largest integrated plant and the only fully integrated stainless steel facility in the world.

Infracorp will also enter into future collaborative discussions with Equitix, a leading global investor and long-term fund manager of core infrastructure assets.

Equitix has over $11.7 billion of assets under management and is the infrastructure investment division of Tetragon, the global asset management group which manages $80 billion of assets on behalf of its clients.

Commenting, Majed Al Khan, CEO of Infracorp said, “Aurora’s electricity distribution network connects its customers’ sites to the main power grid, making them strategic for the European and global value chain in the chemicals and stainless-steel industries.

There is no alternative electricity distribution network available to its customers at these sites making this a unique asset..”

Awais Majeed, Executive Director – Private Equity at GFH, added, “We look forward to working with Aurora’s highly experienced management team to continue to enhance the value of its assets and to further improve efficiency for the benefit of all stakeholders.”

Hugh Crossley, Chief Executive Officer at Equitix, said: “Equitix values the partnership and there is ample opportunity to explore a pipeline of attractive opportunities across the UK, Europe and the Americas together.”