MRCE sells diesel locomotives
EUROPE: Irish-registered RIVE Rail Leasing Ltd has acquired 32 Vossloh diesel shunting locomotives from Mitsui Rail Capital Europe, in a transaction co-arranged by Paribus Capital and Paris-based RIVE Private Investment. Senior debt was structured and provided by KfW IPEX-Bank.
RIVE Rail Leasing is a joint venture between investors advised by Rive Private Investment, Paribus Group’s Northrail business and French wagon leasing company Millet Waggons.
Millet has taken over asset management responsibilities for six of the locomotives, and Northrail the other 26.