TOUAX announces that it took over the management of approximately 2,000 wagons previously owned and managed by General Elec...
December 18 2015 - 1:31AM
PRESS RELEASE - Paris, 18 December
2015
TOUAX
YOUR OPERATIONAL
LEASING SOLUTION
TOUAX announces
that it took over the management of approximately 2,000 wagons
previously owned and managed by
General Electric in Europe
Touax announces today that its subsidiary Touax
Rail Limited has entered into a definitive agreement under which it
took over the management of approximately 2,000 freight wagons
previously owned by GE Rail Services GmbH, GE Capital Rail Services
Limited and GE Capital Rail Limited.
The transaction will strengthen the position of
Touax Rail Limited in Europe with a fleet size of approximately
10,500 wagons (platforms).
This transaction consists of freight wagons which
are complementary to wagons already managed by Touax, including
hopper cars for the transportation of aggregate, flat cars for the
transportation of steel coils, intermodal wagons for containers and
trailers, open box cars and sliding walls wagons for the transport
of palletized and white goods.
Touax Rail Limited will also act as a certified
entity in charge of the maintenance.
The wagons have been acquired and financed by a
consortium of investors through a special purpose company.
Acquisition debt financing was provided by ING Bank N.V. and DVB
Bank SE as Mandated Arrangers, ING Bank as Agent and Security
Trustee.
Fabrice Walewski, Managing Partner of Touax group,
says that "this transaction increases the wagon
fleet under Touax management by 23%, establishes its position in
the United Kingdom and strengthens continental Europe. The addition
of this fleet enables Touax to offer a larger diversification of
wagons to better serve transport and logistics operators as well as
industrial customers. Our clients will benefit
from the operational and technical expertise of an enlarged team
comprising TOUAX and former GE Rail Services staff."
TOUAX
Group leases out tangible assets (shipping-containers, modular
buildings, freight railcars and river barges) on a daily basis to
more than 5,000 customers throughout the world, for its own account
and on behalf of third party investors. With more than €1.8 billion
under management, TOUAX is one of the European leaders in the
operational leasing of this type of equipment.
TOUAX
is listed in Paris on NYSE EURONEXT - Euronext Paris Compartment C
(Code ISIN FR0000033003) and on the CAC® Small and CAC® Mid &
Small indexes and in EnterNext PEA-PME.
For
more information: www.touax.com
Contact investor relations:
TOUAX
Fabrice & Raphaël WALEWSKI
Managing Partners
touax@touax.com
www.touax.com
Tel: +33 (0)1 46 96 18 00
Contact media :
TOUAX - Rail division
Jérôme LE GAVRIAN
j.legavrian@touax.com
Managing Director
Tel: +44 203 696 5956
TOUAX RAIL Ltd
Louis PASTRE
Business Development and Marketing Director
l.pastre@touax.com
Tel: + 353 1 877 27 17
Touax took over the management of
2,000 wagons
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: TOUAX via Globenewswire
HUG#1958537
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