HSH Nordbank and KfW IPEX-Bank sell their shares in Railpool
Hamburg/Kiel, May 12, 2014 - HSH Nordbank AG and KfW IPEX-Bank GmbH have sold their shares in Railpool GmbH and Railpool Holding GmbH & Co. KG (together "Railpool") to funds managed by Oaktree Capital Management, today. The purchase price was not disclosed.
Railpool was founded as a joint venture by HSH Nordbank and KfW IPEX-Bank in 2008. It leases rail vehicles, locomotives, electrical multiple units (EMU) and diesel multiple units (DMU) with or without full service to rail operators in Europe. In the few years of its existence Railpool has established itself in the market and has risen to become a leading asset manager.
Since its founding KfW IPEX-Bank and HSH Nordbank have each held a 50 percent stake in Railpool and provided the company with equity and debt capital in equal shares. Both banks will continue to be lenders to Railpool and support the future growth of the company.
The information contained in this press release does not constitute an offer for the sale of any type of Hamburg Commercial Bank AG securities. Securities of Hamburg Commercial Bank AG may not be sold in the United States without registration pursuant to US securities legislation, unless such a sale takes place on the basis of relevant exceptional provisions.
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