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3IN 3i Infrastructure Plc

326.00
-2.00 (-0.61%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
3i Infrastructure Plc LSE:3IN London Ordinary Share JE00BF5FX167 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -0.61% 326.00 326.50 327.00 328.50 326.50 328.00 585,863 16:35:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 515M 394M 0.4272 7.64 3.01B

3i Infrastructure PLC 3i Infrastructure plc completes investment in TCR (3523F)

27/07/2016 7:45am

UK Regulatory


3i Infrastructure (LSE:3IN)
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TIDM3IN

RNS Number : 3523F

3i Infrastructure PLC

27 July 2016

3i Infrastructure plc completes investment in TCR

27 JULY 2016

3i Infrastructure plc ("3i Infrastructure") and Deutsche Asset Management ("Deutsche AM") have completed the acquisition of TCR, following clearance from the European Commission under the EU Merger Regulation. 3i Infrastructure has invested EUR204m (including transaction costs) to acquire its 50% interest. The transaction was announced on 29 April 2016.

For further information, contact:

 
 Richard Laing                  Tel: +44 1534 847 410 
  Chairman, 3i Infrastructure 
  plc 
 Silvia Santoro &               Tel: +44 20 7975 3258 
  Thomas Fodor                   Tel: +44 20 7975 3469 
  Shareholder enquiries 
  Toby Bates                     Tel: +44 20 7975 3032 
   Media enquiries 
 

Notes to editors:

About 3i Infrastructure plc

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The Company is a long-term investor in infrastructure businesses and assets. The Company's market focus is on economic infrastructure and greenfield projects in developed economies, principally in Europe, investing in operating businesses and projects which generate long-term yield and capital growth.

3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority and acts as Investment Adviser to 3i Infrastructure plc.

About Deutsche Asset Management - Infrastructure

Deutsche Asset Management's infrastructure investment business has been investing in infrastructure assets since 1992. The global platform - which provides client solutions covering private equity infrastructure, listed infrastructure and infrastructure debt - gives investors access to such economic sectors as transportation, utilities, telecommunications, and other service sectors critical to the basic functioning of local and global economies. As part of the Alternatives platform, this infrastructure business has EUR 20.7 / $23.6 billion in assets under management, 18+ years direct infrastructure experience and 49 infrastructure investment professionals as at 31 March, 2016.

About TCR

TCR is Europe's leading provider of GSE leasing services. The company offers expertise in the rental and operating leasing of GSE, maintenance and ramp assistance and fleet management, which enables GSE operators to concentrate on their core business of ground handling. TCR is headquartered in Brussels and has local offices in Belgium, Denmark, France, Germany, Ireland, Italy, Norway, Spain, Sweden, The Netherlands and the UK. In 2015, TCR started activities in Asia where it rents equipment in Malaysia and Japan. TCR Americas was founded in 2016. TCR has increased its turnover from approximately EUR10 million in 1999 to over EUR130 million in 2015. The company employs 750 staff and is present in approximately 100 airports across 12 countries.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCGLGDRXSDBGLR

(END) Dow Jones Newswires

July 27, 2016 02:45 ET (06:45 GMT)

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