ON DECEMBER 22 Lehman Brothers Merchant Banking and MCH Private Equity announced investment in a capital increase in Patentes Talgo SA.
Purchase of shares from the Oriol family and corporate restructuring will give LBMB a direct and indirect voting equity stake of 49·9%. The transaction is expected to close in the first half of 2006. n
INDIA: The AT Railway a subsidiary of Amber Enterprises India has signed a joint venture agreement with South Korea’s Yujin Machinery to design, manufacture, and develop critical components for various types of rolling stock used in India. The joint venture will focus on components such as ...
EUROPE: Austrian Federal Railways has put into service the first of its updated Railjet trainsets on services linking Germany, Austria and Italy. Toma Bačić rode on a preview run between München and Verona on April 5.
USA: Project promoter Brightline West held a groundbreaking ceremony on April 22 in Las Vegas to launch its project to build a high speed line from the city to southern California.
