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Article: Railpool dives into the European leasing market: two German banks have joined forces to set up a new European locomotive and passenger train leasing company called Railpool.(Train leasing)
- Article from:
- International Railway Journal
- Article date:
- August 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RAILPOOL is new 50:50 joint venture rolling stock leasing company (Rosco) formed by HSH Nordbank and KfW Ipex-Bank. "The aim of Railpool is to create the first one-stop shop for rail operators," says Mr Mathis Shinnick, HSH Nordbank's global head of transportation. "We will not only provide our clients with financing and leasing, we will also offer them advice and services."
While Railpool will be based in Munich, Germany, its activities will not be limited to its home country, as Mr Michiel Munting of HSH Nordbank explains. "Our starting point will be the German market, but with a clear European focus, and we will expand the business as quickly as possible. We ...