Infrastructure asset management company Brookfield Infrastructure Partners, Government of Singapore Investment Corporation (GIC) and some other institutional investors are acquiring freight railway owner and operator Genesee & Wyoming.
In a transaction valued at $8.4 billion including debt, Brookfield will invest in around $500 million of equity of Genesee & Wyoming, while the remaining stock will be owned by Brookfield Infrastructure's institutional partners and GIC.
The deal is expected to close by year-end 2020, subject to approvals from regulators and Genesee & Wyoming shareholders.
Genesee & Wyoming owns or leases 120 freight railroads across eight locally managed operating regions, and serves 3,000 customers.
an operator of short line and regional freight railroads, and provider of railcar switching services
Industry Railroads