Digital 9 Infrastructure to sell off its assets

UK infrastructure fund Digital 9 Infrastructure has revealed plans to wind down and sell off its assets following a strategic review which started late last year. The company mentioned that it intends to “immediately commence” sale preparations for the company's wholly-owned assets ahead of launching competitive processes later this year.

“Following careful consideration of the options available to the Company and after consultation with its financial advisers, as well as taking into account feedback received from a large number of shareholders and institutional investors, the Board has determined that it would be in the best interests of shareholders as a whole to put forward a proposal for a managed wind-down of the company,” D9 said late last month.

Charlotte Valeur, Interim Independent chair of D9, said: "Throughout the strategic review process, the Board's primary objective has always been to maximize shareholder value going forward. Having carefully considered a number of options, we have ultimately concluded that a managed wind-down of the company is likely the best route to achieve this objective and seek to address the discount to NAV that impacts our shareholders.”