for the acquisition of Porterbrook Leasing by a consortium of
international investors.
Deutsche Bank, Lloyds TSB and BNP Paribas have obtained by the
EU executive clearance to acquire Porterbrook, the rolling stock
leasing company owned by Abbey.
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It is understood that some €1.9 billion is being put forward to
finance the acquisition.
The Commission said that the operation wouldn’t impede
competition and that none of the acquiring parties currently has
any operating leasing activities in the British rail industry.
Porterbrook is one of the three major British rolling stock
companies. It is not active outside the UK.
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