Rolling stock leasing company Angel Trains has been sold to a consortium led by Australian infrastructure investment company Babcock and Brown for £3.6bn.
Angel Trains owns more than one third of the UK’s rolling stock. Its assets include 4,100 train vehicles, and it leases much of the South West Trains fleet and the Pendolinos used by Virgin Trains on the West Coast Main Line.
The company was previously owned by Royal Bank of Scotland. It’s new owners are Babcock and Brown...
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