frontrunners in the race for rolling stock company, Angel Trains is
reported to have rejigged its consortium, The Daily Telegraph has
reported.
Deutsche Bank, a member of the Babcock-led consortium is
understood to have dropped out as an equity provider for the £3.5bn
acquisition although it is still believed to be participating on
the debt side. AMP, an Australian wealth management company, is
believed to be providing some of the equity, according to The Daily
Telegraph.
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To finance the deal, the Babcock group has secured different
backers for Angel, put up for sale by RBS last summer and which has
assets of around £3.2bn.
A group of around 10 banks is believed to be providing a £2.3bn
acquisition loan. They are believed to be BNP Paribas, Calyon,
Commonwealth Bank of Australia, Depfa, Dexia, ING, Lloyds TSB,
Royal Bank of Canada, RBS and Sumitomo Mitsui Banking.
