3i Infrastructure PLC 3i Infrastructure plc completes investment in TCR (3523F)
July 27 2016 - 2:45AM
UK Regulatory
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
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