Investment firm 3i Infrastructure to sell TCR stake for $1.3 billion (updated)
05/03/2026 07:45
Adds details and background from paragraph 2 onwards March 5 (Reuters) - Investment firm 3i Infrastructure 3IN.L on Thursday agreed to sell its 71% stake in airport equipment firm TCR for 1.14 billion euros ($1.32 billion). 3i Infrastructure, which first invested in Belgium-based TCR in 2016, said the proceeds are 22% higher than the value as of September 30. TCR is the world's largest independent lessor of airport ground support equipment with operations at over 230 airports across 20 countries, 3i Infrastructure's website showed. 3i Infrastructure, which was spun off from parent 3i Group III.L and listed in London in 2007, will use the proceeds to repay drawings from its revolving credit facility and fund further investments, it said. ($1 = 0.8621 euros) (Reporting by Prerna Bedi in Bengaluru; Editing by Mrigank Dhaniwala and Subhranshu Sahu) ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))