HSBC Sells Eversholt To Morgan Stanley, Star Capital, 3i

After lengthy negotiations, HSBC Holdings has agreed to sell U.K.-based train leasing business Eversholt to a consortium of infrastructure funds in a 2.1 billion pound ($3.39 billion) deal, Reuters reported. Morgan Stanley Infrastructure, 3i Infrastructure and Star Capital comprise the group buying Eversholt, which owns close to a third of Britain’s trains. HSBC bought Eversholt in 1997 for 726.5 million pounds.

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