Cargo Wagon €216 million acquisition of a fleet of rail cars

Overview:

• Cargo Wagon has acquired a fleet of 12,450 standard freight wagons from ZSSK Cargo.
• The deal sees Cargo Wagon lease back 8,218 wagons to ZSSK Cargo.
• Cargo Wagon is a joint venture of ZSSK and AAE Wagon.
• The deal is believed to be the first sale and leaseback of a state railway wagon fleet in Europe.
• ING led a group of lenders in the financing of the deal.

Sam Duke - Editor