Rail First sold to DIF and Amber joint venture

The new partnership will see thousands of intermodal rail cars leased to Europe’s biggest rail freight company

A consortium headed by Deutsche Bahn is trialling the use of digital automatic coupling (DAC) on freight cars

In a “Joint Reasoned Opinion,” the Executive Board and Supervisory Board of VTG, one of the leading railcar leasing, rail logistics and tank container logistics companies, state that the offer price does not reflect the company’s true value, does not contain a control premium in line with the market and is a substantial discount on comparable transactions

The consortium of bidders signs purchase agreements for the remedy package and the competition authorities confirm eligibility of the consortium of bidders for antitrust purposes. The closing of the transaction is expected before the end of this year

Reuters: Morgan Stanley Infrastructure has announced a cash takeover offer for rail logistics group VTG on Monday after securing a large stake from Kuenhe Holding, controlled by Michael Kuehne