The acquired portfolio, primarily freight cars (95%), has a 97% utilisation rate and a diverse mix of car types.

The bank will sell its rail operating lease assets to a joint venture between GATX and Brookfield Infrastructure.

USA: Wells Fargo & Co has entered into a definitive agreement to sell the assets of its rolling stock leasing business to a ...

A new joint venture of GATX Corp. and Brookfield Infrastructure Partners L.P. have entered into a definitive agreement to ...

Shares of GATX climbed after the company's new joint venture with Brookfield Infrastructure notched a deal to buy Wells Fargo's rail assets for a book value of about $4.4 billion. The stock rose 8.8% ...

Wells Fargo to sell rail assets to joint venture for $4.4 billion, with GATX and Brookfield owning 30% and 70% respectively.

Wells Fargo exits rail leasing with a major sale to GATX and Brookfield Infrastructure, transferring more than 125,000 rail ...

In a move to simplify its business operations, Wells Fargo has also agreed to sell its rail equipment leasing division to a joint venture formed by GATX (NYSE:GATX) Corporation and Brookfield ...

Additionally, Wells Fargo has agreed to sell its rail equipment leasing division to a joint venture formed by GATX (NYSE:GATX) Corporation and Brookfield Infrastructure (NYSE:BIPC), aligning with ...

Wells Fargo & Company WFC entered into a definitive agreement to divest its rail equipment leasing business to a newly formed joint venture between GATX Corporation and Brookfield Infrastructure.