OEMS AND SUPPLIERS

Genesee & Wyoming wraps up GRail acquisition

GENESEE & Wyoming Australia has completed the acquisition of Glencore Rail for $A1.14 billion and has issued a 49% equity stake in the company to funds and clients managed by Macquarie Infrastructure and Real Assets.

Lou Caruana
Genesee & Wyoming Australia has completed its acquisition of Glencore Rail.

Genesee & Wyoming Australia has completed its acquisition of Glencore Rail.

The acquisition of the GRail business includes nine train sets – 30 locomotives and 894 wagons. In conjunction with this Glencore Coal has granted Grail a long-term take-or-pay contract to exclusively...

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