|
|
Article: Australian Railroad Group Closes Acquisition of Westrail Freight; Genesee & Wyoming Inc. Completes Private Placement of Convertible Preferred Stock.
- Article from:
- PR Newswire
- Article date:
- December 18, 2000
|
Copyright informationCOPYRIGHT 2000 PR Newswire Association, Inc. 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)
|
GREENWICH, Conn., Dec. 18 /PRNewswire/ --
Genesee & Wyoming Inc. (GWI) (Nasdaq: GNWR) announced today that its joint venture, Australian Railroad Group Pty Ltd (ARG), has completed the acquisition of Westrail Freight from the government of Western Australia for approximately $323 million including working capital and acquisition costs. ARG is a joint venture owned 50 by GWI and 50 by Wesfarmers Limited, a public corporation based in Perth, Western Australia. Westrail Freight is composed of the freight operations of the formerly state-owned railroad of Western Australia. To complete the acquisition, GWI contributed Australia Southern Railroad (ASR) to ARG along ...
Related newspaper, magazine, and journal articles:
|