GE inks separate deals to sell tank car fleet assets, railcar leasing

GE has agreed to sell its tank car fleet assets and railcar repair facilities to Marmon Holdings Inc. In a separate deal, GE is selling its remaining railcar leasing business, General Electric Railcar Services LLC, to Wells Fargo & Co. Financial terms weren’t announced. GE Railcar Services leases railcars as well as locomotives to shippers and railroads across North America. Deutsche Bank Securities Inc. provided financial advice to GE.

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