Pesa and the Polish Development Fund have signed an agreement to establish locomotive leasing business Rail Capital Partners.
The SMEC board announced on May 11 that it had entered into an agreement for Surbana Jurong to acquire 100% of the company for A$1·90 per share in cash, an implied enterprise value of A$451m. The SMEC brand would be retained as a division to lead Singapore–based Surbana Jurong’s global infrastructure activies. Subject to shareholder approval, completion is envisaged for July 2016.