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Arcapita sells wind farm stake
- Bahrain: Tuesday, September 11 - 2007 at 12:18
Bahrain-based Arcapita Bank, a leading international investment firm, has announced today that it, along with its affiliates, has sold its one third stake in wind farm portfolio Zephyr Investments Limited for £145 million. Under the agreement, the two purchasers, a subsidiary of an investment entity advised by JPMorgan Asset Management, and Infracapital Partners, the European focused infrastructure fund of Prudential M&G, each acquired 50% of Arcapita's investment. This is the third exit from Arcapita's portfolio within the last month amounting to a cumulative transaction value of approximately $700 million.
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Jeff Florian, Senior ReporterTuesday, September 11 - 2007 at 12:18 UAE local time (GMT+4)
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