Wells Fargo to Sell Rail Equipment Assets to GATX and Brookfield Infrastructure Joint Venture

Reuters

05/30

Wells Fargo to Sell Rail Equipment Assets to GATX and <a href="https://laohu8.com/S/BN">Brookfield</a> Infrastructure Joint Venture

Wells Fargo & Company has announced a definitive agreement to sell its rail equipment leasing business to a newly formed joint venture between GATX Corporation and Brookfield Infrastructure. The transaction, which includes Wells Fargo's entire portfolio of rail operating lease assets valued at approximately $4.4 billion, is anticipated to close by the first quarter of 2026, pending customary closing conditions. This move aligns with Wells Fargo's strategy to simplify its business operations and concentrate on core client services.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wells Fargo & Company published the original content used to generate this news brief via Business Wire (Ref. ID: 20250529881618) on May 29, 2025, and is solely responsible for the information contained therein.

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The transaction, which includes Wells Fargo's entire portfolio of rail operating lease assets valued at approximately $4.4 billion, is anticipated to close by the first quarter of 2026, pending customary closing conditions. This move aligns with Wells Fargo's strategy to simplify its business operations and concentrate on core client services.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wells Fargo &amp; Company published the original content used to generate this news brief via Business Wire (Ref. ID: 20250529881618) on May 29, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0175139822.USD","symbol_name":"AB FCP I Global Equity Blend A USD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250529:nNDL4Dd94K:1","article_id":"2539295234","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539295234","pubTimestamp":1748550629,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Wells Fargo & Company has announced a definitive agreement to sell its rail equipment leasing business to a newly formed joint venture between GATX Corporation and Brookfield Infrastructure. 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The transaction, which includes Wells Fargo's entire portfolio of rail operating lease assets valued at approximately $4.4 billion, is anticipated to close by the first quarter of 2026, pending customary closing conditions. This move aligns with Wells Fargo's strategy to simplify its business operations and concentrate on core client services.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wells Fargo & Company published the original content used to generate this news brief via Business Wire (Ref. 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