GATX, Brookfield complete buy of Wells Fargo rail leasing

Core Viewpoint - GATX Corp. and Brookfield Infrastructure Partners have received regulatory approvals to acquire Wells Fargo's rail operating lease portfolio, with the transaction expected to close around January 1 [1]. Group 1: Transaction Details - The joint venture will purchase approximately 105,000 railcars for $4.4 billion, with Brookfield acquiring about 23,000 cars and 400 locomotives from Wells Fargo [2]. - GATX will hold a 30% stake in the joint venture and will manage the equipment involved in the transactions, with an option to acquire full ownership in the future [2].