HSBC is to sell its train leasing business, HSBC Rail, for a
price of £2 billion (€2.27 billion).
Australian financial services group Macquarie and investment
giant JP Morgan are understood to be interested in making the
purchase as a joint venture, while Star Capital is also in the
bidding.
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Final offers are expected before the end of April.
One of the three train lessors to emerge from the privatisation
of British Rail in the 1990s, HSBC Rail has around 4,000 trains on
its books – a third of the country’s rolling stock.
The £2 billion acquisition cost will include some £200 million
of capital expenditure, Reuters has reported.
Fred Crawley
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