WSJ: Sumitomo Mitsui Interested in GE’s Rail Business
JUN 23, 2015 - 7:30 am
The Wall Street Journal reported, citing people familiar with the matter, that Sumitomo Mitsui Financial Group (SMFG) is interested in GE’s U.S. railcar leasing business, which could be worth $4 billion.
The Journal said that GE Capital Rail Services has also drawn interest from Wells Fargo and other U.S. financial institutions, according to the people.
The Journal noted that SMFG bought Flagship Rail Services from Perella Weinberg Partners for roughly $500 million in 2013.
The Equipment Leasing and Finance Association has been making major moves to address the subject of diversity, equity and inclusion (DE&I) within the equipment finance industry. Recently, the ELFA hosted its first annual Equity Forum, a two-day conference in Washington,... read more
The Convention that (Almost) Didn’t Happen The Equipment Leasing and Finance Association’s 61st Annual Convention was one that almost didn’t happen this year. Originally set to take place on Marco Island, FL, Hurricane Ian changed those plans and caused the... read more