3i sells LNI stake for €36m

However, 3i Infrastructure retained its entire shareholding in LNI.

Previous funding
LNI, a newco controlled by 3i Group, 3i Infrastructure, GS Infrastructure Partners and Ilmarinen Mutual Pension Insurance Company, wholly acquired Finland-based Vattenfall Oy and Vattenfall Lämpö from Swedish parent company Vattenfall in December 2011. The leveraged deal was valued at €1.54bn.

Company
LNI regroups Finnish electricity providers LNI Verkko and LNI Lämpö, previously subsidiaries of Swedish power company Vattenfall. Headquartered in Tampere, LNI Verkko operates in the South West of Finland with a 12% market share, supplying electricity to around 400,000 customers. LNI Lämpö provides district heating and natural gas in Finland.

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