Gatx corporation and brookfield infrastructure to acquire wells fargo's rail assets

Chicago--(business wire)--gatx corporation (nyse: gatx) announced today a definitive agreement to acquire approximately 105,000 railcars from wells fargo for $4.4 billion through a newly formed joint venture with brookfield infrastructure partners l.p. (“bip”) (nyse: bip; tsx: bip.un) and its institutional partners (collectively, “brookfield infrastructure”). initial joint venture equity ownership will be gatx (30%) and brookfield infrastructure (70%), with gatx having the option to acquire 100.
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