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Pantheon Infrastructure PLC on Tuesday said it stands to benefit from Alphabet Inc’s $4.75 billion of Intersect Power. Back in September, London-based infrastructure investment trust Pantheon committed to invest around £30 million into energy and data centre developer Intersect Power. Intersect Power develops and operates utility-scale and industrial power infrastructure. It is based in Truckee, California. On Monday, Google-owner Alphabet said it was buying Intersect for $4.75 billion in cash, plus debt. On Tuesday, Pantheon said the sale is expected to contribute an increase in net asset value of around 2.5 pence per share, or 2% of the NAV of 127.7p per share at September 30. ‘Achieved within three months of the company’s investment in Intersect, the sale is expected to represent [Pantheon Infrastructure’s] second significant realisation since [initial public offer] and marks a further step in demonstrating the company’s investment strategy to invest, grow and exit investments benefitting from key infrastructure tailwinds,’ Pantheon said in a statement. In January, Pantheon said it expected a 3p per share boost to NAV from its investment in Calpine Corp which was bought for $16.4 billion by Constellation Energy Corp. Pantheon invested about £46 million in Calpine as part of a direct secondary transaction with Energy Capital Partners announced in June 2022. Shares in Pantheon Infrastructure were 1.1% higher at 108.66 pence each in London on Tuesday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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