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Rail News: Issue Issue 17 15 Nov 2010

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Rail, ROSCOs, Other, All of UK

HSBC exits train leasing

November 5

Banking giant HSBC has announced that it is to sell train leasing company Eversholt Rail Group for £2.1bn to a group of investment funds. The sale price is slightly higher than the book value of the assets. Eversholt provides 29% of the UK’s rail rolling stock to passenger and freight markets. The investment funds buying Eversholt are managed by 3i Infrastructure, Morgan Stanley Infrastructure Partners and STAR Capital Partners....

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