CBrail
| Industry | Rail transport leasing (Europe) |
|---|---|
| Predecessor(s) | Porterbrook |
| Founded | 2004 |
| Headquarters | , Luxembourg |
| Parent | Lloyds Banking Group |
| Subsidiaries | Ascendos Rail Leasing |
| Website | www.cbrail.com www.ascendos.com |
CBRail Sàrl is a European rolling stock leasing company based in Luxembourg, formed in 2004 from the European operations of Porterbrook.[1]
Since March 2010 the company's rail leasing activities in Germany and Luxembourg have been carried out by the renamed subsidiary Ascendos Rail Leasing.[2][3]
The company now forms part of Lloyds TSB Rail Capital, a division of Lloyds Banking Group.[when?][clarification needed]
Contents |
[edit] Background
CBRail was created by the takeover of the european operations of the Porterbrooks rail leasing company bya joint venture between Babcock & Brown and Bank of Scotland Corporate Europe (a banking division of HBOS)[1] At the time of the takeover from Porterbrook the company had leasing arrangements for 28 locomotives and 67 coaches.[4][5][6][7]
Under the new financial backing, the company intended to grow to have a significant market share in the European railway leasing business; in order to do this it expanded its fleet. An order for 35 diesel and electric TRAXX locomotives was placed with Bombardier Transportation in 2006 with an option for 70 more.[8]
Through the 2000s CBRail continued to expand its fleet, including freight wagons in its portfolio.;[9] by June 2008, the company had 118 locomotives, 785 freight wagons and 103 passenger vehicles either on lease or under construction.[9]
[edit] See also
- Porterbrook, leasing company from whose mainland European business CBRail was formed
- MRCE, Alpha Trains; European competitors
[edit] References
- ^ a b Rail Cargo information Netherlands railcargo.nl[dead link]
- ^ Ascendos Rail Leasing www.ascendos.com
- ^ Current Asset Review: Period ended 31 March 2010 Page 6 , wwww.globalinvestmentslimited.com
- ^ CBRail, a new rolling stock leasing company created by Babcock & Brown and the Bank of Scotland, has purchased the European arm of Porterbrook Leasing International Railway Journal, Jan 2005, via findarticles.com[dead link]
- ^ "HBOS, Babcock buy Porterbrook trains", asset-finance-international.com, http://asset-finance-international.com/146/HBOS,%20Babcock%20buy%20Porterbrook%20trains/
- ^ CBRail, a new rolling stock leasing company created by Babcock & Brown and the Bank of Scotland (a division of HBOS), has purchased the European arm of Porterbrook Leasing, which has lease contracts in several European countries for 28 locomotives an d 67 coaches.(Europe), International Railway Journal, 1 January 2005, http://www.highbeam.com/doc/1G1-127352902.html
- ^ Mark Williamson (17 November 2004), "BoS and B&B acquire Abbey train leasing arm", www.heraldscotland.com (Herald Scotland), http://www.heraldscotland.com/sport/spl/aberdeen/bos-and-b-amp-b-acquire-abbey-train-leasing-arm-1.70451
- ^ Bombardier Receives $156 Million US Order from CBRail for 35 TRAXX Locomotives to Provide More Rolling Stock in Europe BusinessWire, 2 Feb 2006, via www.thefreelibrary.com
- ^ a b "CBRail : About Us", www.cbrail.com, archived from the original on 20 August 2008, http://web.archive.org/web/20080820181421/http://www.cbrail.com/aboutus/
[edit] External links
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