By IPE staff2021-01-13T13:40:00+00:00
Dutch asset managers APG and PGGM are investing undisclosed sums to buy stakes in Europe’s largest independent train leasing company from exiting shareholders AMP Capital and Public Sector Pension Investment Board (PSP Investments).
APG, which already owns a 41.1% indirect interest in Alpha Trains, has agreed to buy AMP Capital’s 20.9% stake in the train lessor. APG previously bought its indirect shareholding from the Arcus European Infrastructure Fund in December 2019.
In a separate deal, PGGM Infrastructure Fund said it has agreed to buy a ”large minority interest” in Alpha Trains from PSP Investments.
AMP Capital and PSP Investments have been investors in Alpha Trains since its establishment in 2008.