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.
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
an operator of short line and regional freight railroads, and provider of railcar switching services
Industry Railroads