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Digital 9 Infrastructure Plc ( (GB:DGI9) ) has issued an announcement.
Digital 9 Infrastructure plc has announced that minority shareholders of Arqiva Group, represented by Macquarie European Infrastructure Fund II, have agreed to sell their 26.5% stake in Arqiva for £16.5 million. Arqiva, a key provider of broadcasting and smart utility infrastructure in the UK, is a significant asset for Digital 9, representing 75% of its adjusted Gross Asset Value. The company is focused on maximizing shareholder value through a managed wind-down and is cautious about divesting its stake in Arqiva before resolving key contractual and financial decisions.
The most recent analyst rating on (GB:DGI9) stock is a Sell with a £0.08 price target. To see the full list of analyst forecasts on Digital 9 Infrastructure Plc stock, see the GB:DGI9 Stock Forecast page.
More about Digital 9 Infrastructure Plc
Digital 9 Infrastructure plc (DGI9) is an investment trust listed on the London Stock Exchange, focusing on a managed wind-down strategy to realize its existing assets. The company is part of the FTSE All-Share index and is advised by InfraRed Capital Partners, which manages a substantial portfolio of equity capital globally.
Average Trading Volume: 1,610,527
Technical Sentiment Signal: Sell
For a thorough assessment of DGI9 stock, go to TipRanks’ Stock Analysis page.