Zak Bentley
The move comes as the government announces a research and investment programme that will inject £246m into the country’s battery storage market.
The liquidity facility for Scandlines includes an 11-year institutional tranche, with the entire package rated BBB by Fitch.
The French firm is believed to have taken a 10% stake in the Dutch company recently snapped up for €2.95bn.
The four assets include one of the UK’s largest onshore projects, once owned by HgCapital.
The vehicle is the second such investment fund launched in the country in four weeks.
A rival offer to Atlantia’s €16bn move was rejected by the Spanish government body that owns the airport operator.
The ‘pioneering’ listed vehicle has already secured commitments from nine Nigerian pension funds for its initial placing.
The vehicle is now the largest of its kind in the UK after securing a further £475m.
Investment to finance 2,000km of roads over the next four years, increasing sector spend by six times.
Group has bought the UK rail concession from Borealis and OTPP, giving it a £3bn enterprise value.