GATX, Brookfield complete buy of Wells Fargo rail leasing
GATX Corp. announced that it and Brookfield Infrastructure Partners L.P. have received all required regulatory clearances to complete the transaction to acquire Wells Fargo’s rail operating lease portfolio. The transaction announced in May will be completed through a joint venture between GATX (NYSE: GATX) and Brookfield Infrastructure (NYSE: BIP), the former said in a release, to close on or about Jan. 1. The joint venture will purchase approximately 105,000 railcars for $4.4 billion; Brookfield, which ...