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Wells Fargo, GATX and brookfield infrastructure partners

Yahoo Finance · 21h

Wells Fargo offloads $4.4B railcar business

The bank will sell its rail operating lease assets to a joint venture between GATX and Brookfield Infrastructure.

GlobalData on MSN · 3d

GATX, Brookfield Infrastructure to buy Wells Fargo’s rail assets for $4.4bn

The acquired portfolio, primarily freight cars (95%), has a 97% utilisation rate and a diverse mix of car types.

Bloomberg on MSN · 4d

Wells Fargo Agrees to Sell Railcar Assets to Brookfield, GATX

Wells Fargo & Co. agreed to sell the assets of its rail equipment leasing business to a venture between Brookfield Infrastructure Partners and GATX Corp. as the bank continues to refocus on its core lending and advisory businesses.

Business Wire4d

GATX Corporation and Brookfield Infrastructure to Acquire Wells Fargo’s Rail Assets

GATX) announced today a definitive agreement to acquire approximately 105,000 railcars from Wells Fargo for $4.4 billion through a newly formed joint venture with Brookfield Infrastructure ...

GATX Stock Rises on Deal With Wells Fargo

Shares of GATX climbed after the company's new joint venture with Brookfield Infrastructure notched a deal to buy Wells Fargo's rail assets for a book value of about $4.4 billion. The stock rose 8.8% ...

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Wells Fargo, GATX and brookfield infrastructure partners

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