WSJ: Sumitomo Mitsui Interested in GE’s Rail Business

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.

Read the full Wall Street Journal report here.

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