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Infinis stubs out flotation

Renewable energy company Infinis has cancelled plans to float the company on the stock exchange. The company had been estimated to fetch between £700 million and £1 billion. Private equity group Terra Firma own Infinis and plan to hold onto the company for the next three to five years. Chief executive Alan Lovell told the Financial Times that a flotation will not go ahead partly because of the recent turbulence in the markets. He also said that there will be no plans to revive it for ...