rail freight locomotives to Beacon Rail Leasing, a subsidiary of
BTMU Capital.
which are currently leased to operators in Norway, Sweden, Germany
and the Netherlands. The financial details of the deal were not
disclosed.
“Selling our small portfolio of freight assets based in
continental Europe was an important step as part of our strategy to
focus on our core UK business,” said Mary Kenny, CEO of HSBC Rail
(UK).
The new additions bring the London-based rolling stock lessor’s
fleet to 51 locomotives and 50 wagons.
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Neil Bennett, managing director of leasing and origination at
Beacon Rail, said: “These locomotives are a good fit with our
existing EMD class 66 fleet and it also adds some excellent new
lessees to our customer base.”
Beacon Rail, a team of five industry professionals, currently
leases rolling stock to operators in the UK, Belgium, Norway,
Sweden, Germany and the Netherlands. It was established after BTMU
Capital Corp, the structured finance subsidiary of The Bank of
Tokyo-Mitsubishi UFJ, paid $112 million (€82 million) for the
European rail assets of Allco Finance Group in May 2008.
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