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Stuart Chirls
Mon, December 29, 2025 astatine 9:15 AM CST 1 min read
GATX Corp. announced that it and Brookfield Infrastructure Partners L.P. person received each required regulatory clearances to implicit the transaction to get Wells Fargo’s obstruction operating lease portfolio.
The transaction announced successful May volition beryllium completed done a associated task betwixt GATX (NYSE: GATX) and Brookfield Infrastructure (NYSE: BIP), the erstwhile said successful a release, to adjacent connected oregon astir Jan. 1.
The associated task volition acquisition astir 105,000 railcars for $4.4 billion; Brookfield, which owns abbreviated enactment relation Genesee & Wyoming, separately volition get the Wells Fargo (NYSE: WFC) obstruction portfolio of astir 23,000 cars and 400 locomotives, according to GATX.
GATX volition ain 30% of the associated task and negociate instrumentality crossed the transactions. It has an enactment to yet get 100% ownership of the associated venture.
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The station GATX, Brookfield implicit bargain of Wells Fargo obstruction leasing appeared archetypal connected FreightWaves.
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