Credit Agricole, AXA Buy European Locomotive Leasing From KKR
16 January 2020 - 7:47PM
Dow Jones News
By Cristina Roca
Credit Agricole SA (ACA.FR) said Thursday that its insurance arm
and AXA SA's (CS.FR) real-assets investment unit have jointly
bought European Locomotive Leasing from KKR & Co. Inc.
(KKR).
ELL has a fleet of over 150 locomotives that it leases to more
than 20 clients across Europe for freight transportation.
Financial details weren't disclosed. The transaction is part of
Credit Agricole's strategy to contribute to the energy transition
and a low-carbon economy through its investments, the bank
said.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
January 16, 2020 03:32 ET (08:32 GMT)
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