Ermewa looks away from France to sell private placements

railway px230
By Silas Brown
26 Nov 2019

Ermewa, a train lessor owned by France's state-owned railway company SNCF, is set to sell private placements to a collection of six institutional investors — none of which are from France.

According to a person familiar with the deal, four investors are set to buy about $240m of debt from Ermewa. Two of those investors and another two buyers will also buy €225m from the company. None of these institutions are French.

The transaction was arranged by DC Advisory ...

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