14 July 2014

Steam Plants Sold – 30 June 2014

ICG is pleased to announce successful divestment of Steam Plants to Murray Goulburn Co-operative Co. Limited (Murray Goulburn).  The Steam Plants provided over the fence steam to two of Murray Goulburn milk processing facilities in Victoria, Australia.  The sale of Steam Plants fits well with the overall strategy of streamlining the Energy Infrastructure Trust’s portfolio by focusing on larger mid-market infrastructure assets that are more aligned with the overall size of the fund.  The sale proceeds combined with dividends received over the 10 years that EIT owned the investment results in an effective pre-tax IRR of over 14%.