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.
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