Leasing company Angel Trains has been taken over by the infrastructure arm of Australian pension provider AMP in a deal valued at £3.5 billion. The previous majority shareholder, Arcus Infrastructure, has sold its 43% stake in the company to two current shareholders. AMP Capital will increase its stake from 25% to 55%, while Canadian pension scheme investor PSP will grow its share from 16% to 30%. The remaining 15% of the business, owned by two Australian superannuation schemes and UK-listed firm INPR has not changed hands. Angel says it will 'remain focused on working with government bodies and train operating companies to deliver rolling stock solutions to meet passengers'needs now and in the future‘.
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