Letter to the Editor

Sir - I was pleased to see your interesting report on wagon leasing companies in Rail Business Report 1999.

However, may I point out that KVG Kesselwagen Vermietgesellschaft mbH is not a GATX-owned company. GATX has only a 40% stake in the KVG Group. The initial shareholders, Baumgarten, Schwayer and Armita Nederland BV, have each retained a stake of 20%.

Volker Grahl

Director, KVG, Hamburg, Germany