EUROPE: Asset leasing firm Touax Rail completed the purchase of a fleet of 685 wagons which are leased to operators in Hungary and Slovakia during December. A third-party investor funded 75% of the €30m deal, which adds Shimms steel coil and Habbi(II)nss covered wagons to Touax’s fleet of 8 200 vehicles.

'This transaction provides us with a new geographical focus towards central Europe and a clear strategy to expand in the region', said Managing Director Fabrice Waleswki.