SMBC to buy US rail lessor from Perella Weinberg
Perella Weinberg Partners will exit Chicago-based Flagship Rail Services to Sumitomo Mitsui Banking Corporation (SMBC) in a transaction valued at $1.1 billion.
The agreement with the SMBC Leasing and Finance unit is subject to regulatory approvals and customary closing conditions and the transaction is expected to close by the end of the year. The company will...
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