Freightliner changes hands

News-in-print

Freightliner Group Ltd, the UK’s leading rail intermodal haulier of deepsea containers, has been sold by Arcapita to US short line/regional freight specialist Genesee & Wyoming (G&W). The deal covers Arcapita’s 95% shareholding and is worth £490M (US$755M) in cash and assumption of £8.5M of net debt. G&W plans to buy the 5% employeeowned share by 2020.

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