Antin Infrastructure Partners has announced plans to become a new co-shareholder in European Rail Rent (ERR), one of Europe's leading asset managers for rail freight cars. Financial terms of the agreement were not disclosed.
With Antin’s backing, ERR will invest in an efficient and modern wagon fleet, contributing to decarbonization efforts in Europe.
“We are delighted to support the experienced management team in growing and developing the business in this important sector,” said Angelika Schöchlin, senior partner at Antin. “We will help ERR meet the growing demand for sustainable and efficient rail solutions.”
The transaction is expected to be completed in fourth quarter 2021, subject to regulatory approvals.
