3i Infrastructure PLC will sell its entire stake in UK train leasing company Eversholt Rail Group to a Hong Kong-based infrastructure company.3i Infrastructure acquired its interest in Eversholt Rail in December 2010 as part of a consortium with Morgan Stanley Infrastructure Partners and STAR Capital Partners with its co-investor PGGM. All three of those investors have decided to sell their stakes to CK Investments SARL, a company jointly owned by Hong Kong-based Cheung Kong Infrastructure Holdings Ltd and Cheung Kong (Holdings) Ltd. Eversholt owns about 28% of the current UK passenger train fleet and leases the stock to 11 train operating companies. The deal, which is expected to be closed in March, needs to be cleared by the EU Commission.
Source: www.lse.co.uk
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