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June 28, 2010

HSBC Enters Eversholt Sale Talks

HSBC Holdings has begun final price negotiations with a consortium of infrastructure funds for the sale of its rolling stock business Eversholt. The consortium, which is made up of Morgan Stanley Infrastructure, 3i Infrastructure and Star Capital, is in advanced talks to buy Eversholt

By cms admin

HSBC Holdings has begun final price negotiations with a consortium of infrastructure funds for the sale of its rolling stock business Eversholt.

The consortium, which is made up of Morgan Stanley Infrastructure, 3i Infrastructure and Star Capital, is in advanced talks to buy Eversholt in a deal worth close to £2bn, according to Reuters.

Eversholt, which owns around a third of the UK’s rolling stock, owns over 4,000 train coaches.

The sale is believed to be part of a trend of UK banks selling off non-core assets, which includes the Royal Bank of Scotland sale of the train-leasing firm Angel Trains in 2008.

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