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Stifel downgrades Digital 9 Infrastructure after casting doubt on valuations
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investmentweek.co.ukIn a stock exchange notice today (28 March), DGI9 said the valuation of the portfolio as at 31 December was £1.08bn, which represents a 5.6% decline since 30 June 2023. The decline principally relates to a 16% fall in the value of Verne Global, which has been valued at £398.3m, including gross proceeds already received and deferred consideration due to be received from its sale to Ardian, as well as a possible earnout. Excluding Verne, the portfolio was valued at £684.1m, up 1.6% since 30 June and down 1.2% since the end of 2022. Digital 9 Infrastructure shareholders overwhelmingl...
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