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Article: United Kingdom: Babcock and Brown buys Angel Trains for [pounds sterling]3.6bn(usd 7.2 b).
- Article from:
- TendersInfo
- Article date:
- June 16, 2008
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Byline: sander03
Royal Bank of Scotland has sold its Angel Trains subsidiary to a consortium led by Australian infrastructure investment company Babcock and Brown. The sale, which forms part of RBS s strategy to sell off non-core assets to concentrate on its banking operation, and which was has been anticipated for several months, sees Babcock and Brown European Infrastructure Fund, AMP Capital Investors and Deutsche Bank acquire the largest train owner in Britain for [pounds sterling]3.6bn(usd 7.2 b). Angel Trains owns more than one third of railway rolling stock in the UK which it leases to 18 of Britain s 20 train operating companies. Its assets include 280 ...