Wells Fargo signs deal to sell $4.4 billion rail assets portfolio

GATX, Brookfield Infrastructure to buy Wells Fargo’s rail assets for $4.4bn - Overpasses For America

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Wells Fargo signs deal to sell $4.4 billion rail assets portfolio

(Reuters) -Wells Fargo said on Thursday it has signed a deal to sell its rail equipment leasing business to a newly formed joint venture between railcar lessor GATX Corporation and Brookfield Infrastructure. The deal, which the U.S. banking giant said will not have a material impact on its financial position or earnings, includes the entire rail operating lease assets valued at around $4.4 billion, as well as the rail finance lease portfolio. “T…

Wells Fargo to sell its railcar business for $4.4 billion

Wells Fargo has struck a $4.4 billion deal to sell its railcar leasing business.

Brookfield, GATX acquire Wells Fargo $4.4bn rail carriage portfolio - Private Equity Wire

Wells Fargo & Co has agreed to divest the assets of its rail equipment leasing business to a newly formed joint venture between Brookfield Infrastructure Partners and GATX Corporation, marking a significant step in the bank’s ongoing strategic realignment towards core banking operations, according to a report by Bloomberg. The transaction encompasses a $4.4bn portfolio of rail operating lease assets, as well as a sizeable rail finance lease book…

Wells Fargo Enters into Agreement to Sell Rail Equipment Assets

SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) today announced it has entered into a definitive agreement to sell the assets of the company’s rail equipment leasing business to a newly formed joint venture between GATX Corporation and Brookfield Infrastructure. The transaction is expected to close in Q1 2026 or sooner, subject to satisfaction of customary closing conditions. “This transaction is consistent with Wells Fargo’s ong…