Agreement to sell Eversholt Rail Group to CK Investments S.A R.L.,
21 January 2015 • Author: Eversholt Rail Group
Eversholt Investment Group S.C.S., a consortium comprising 3i Infrastructure plc, Morgan Stanley Infrastructure Partners and STAR Capital Partners announces it has agreed to sell 100% of Eversholt Rail Group (Eversholt Rail) to CK Investments S.A R.L., a company jointly owned by Cheung Kong Infrastructure Holdings Limited and Cheung Kong (Holdings) Limited, (together, “CKI”).
Eversholt Rail owns approximately 28% of the UK’s passenger train fleet and has been under the consortium’s ownership since 2010.
Completion of the transaction remains conditional only upon receiving clearance from the European Commission under the EU Merger Regulation. It is anticipated that the transaction will close in March 2015.
Mary Kenny, Chief Executive Officer of Eversholt Rail, said: “Eversholt Rail has performed strongly, both operationally and financially, under its current ownership providing, managing and maintaining key UK rail assets. We look forward to continuing our success with CKI, who have extensive experience in managing infrastructure assets and are highly supportive of our strategy and approach.”
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