Infracorp – GFH’s infrastructure platform invests with Equitix in electricity distribution

Infracorp – GFH’s infrastructure platform invests with Equitix in electricity distribution

- Strategic collaboration to significantly boost Infracorp’s Infrastructure footprint

Manama, Bahrain: GFH Financial Group’s (“GFH”) sustainable infrastructure platform - Infracorp today announced an initial co-investment with Equitix in Aurora Infrastructure Oy (“Aurora”); 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 are highly committed to the network and which have invested more than €4.5 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.

Aurora’s electricity distribution network represents physically irreplaceable assets that are supported by long-term contracted cash flows, high-margins and a semi-regulated tariff structure, inflation and interest rate pass-throughs, significant barriers to entry and inelastic demand profile. Consistent with Infracorp’s focus, Aurora has a strong ESG basis and also benefits from the commitment of the Company’s customers to ESG principles with well-publicised