Wells Fargo to sell assets of rail equipment leasing unit

22 hours ago 1
Wells Fargo Headquarters San Francisco

JasonDoiy/iStock Unreleased via Getty Images

Wells Fargo (NYSE:WFC) announced on Thursday a definitive agreement to sell the assets of its rail equipment leasing business to a GATX Corporation-Brookfield Infrastructure joint venture.

The sale includes rail operating lease assets, with a book value of ~$4.4B, and the rail finance

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