3i Group plc, through the 3i European Operational Projects Fund, has agreed to acquire a portfolio of eight operational projects in France from DIF Infrastructure III. 

The Portfolio consists of two batches of three prisons each, three educational projects, one wastewater collection concession, one train station and a batch of 12 fire stations. All projects are fully operational. The projects are availability-based and are backed by strong public counterparties. The wastewater collection concession has a moderate level of demand risk.

Completion of the Portfolio transaction, which is subject to certain conditions including customary antitrust and third party approvals, is expected by the end of the first quarter of 2020.