26.10.2020
Artikel Nummer: 33803
Abris exits locomotive leasing business
Abris has signed an agreement to sell its stake in Cargounit to the Three Seas Initiative Investment Fund (advised by Amber Infrastructure Group). Closing of the transaction is subject to the relevant customary conditions and is expected to take place by year-end. Cargounit is the largest independent locomotive lessor in Poland, providing a comprehensive service offering.
Abris acquired a majority share in this company in May 2016 and subsequently invested additional capital for fleet expansion.
Cargounit also implemented a number of key business initiatives focused on resilience of revenues and cash flows, as well as extension of its service offering, Abris said. (ben)