Genesee & Wyoming Announces Completion of Sale to Brookfield Infrastructure and GIC
30 Dezember 2019 - 3:07PM
Business Wire
Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today announced
the completion of its previously announced sale to affiliates of
Brookfield Infrastructure and GIC.
Under the terms of the sale, each issued and outstanding share
of G&W common stock converted into the right to receive $112 in
cash. As a result of the completion of the sale, G&W’s common
stock ceased trading on the NYSE prior to market open today and
will no longer be listed for trading on the NYSE.
“This transaction is an excellent outcome for all G&W
stakeholders,” said Jack Hellmann, Chief Executive Officer of
G&W. “For our customers, employees, and Class I partners, the
long-term investment horizon of Brookfield and GIC is perfectly
aligned with the long lives of G&W railroad assets. We look
forward to building on G&W’s track record of safety, service
excellence and commercial growth as we become an important
component of a portfolio of global infrastructure assets.”
About Genesee & Wyoming
G&W owns or leases 119 freight railroads organized in
locally managed operating regions with 8,000 employees serving
3,000 customers.
- G&W’s six North American regions serve 42 U.S. states and
four Canadian provinces and include 113 short line and regional
freight railroads with more than 13,000 track-miles.
- G&W’s Australia Region serves New South Wales, the Northern
Territory and South Australia and operates the 1,400-mile
Tarcoola-to-Darwin rail line. The Australia Region is 51.1% owned
by G&W and 48.9% owned by a consortium of funds and clients
managed by Macquarie Infrastructure and Real Assets.
- G&W’s UK/Europe Region includes the U.K.’s largest rail
maritime intermodal operator and second-largest freight rail
provider, as well as regional rail services in Continental
Europe.
G&W subsidiaries and joint ventures also provide rail
service at more than 40 major ports, rail-ferry service between the
U.S. Southeast and Mexico, transload services, contract coal
loading, and industrial railcar switching and repair. For more
information, please visit www.gwrr.com or LinkedIn.
About Brookfield Infrastructure
Brookfield Infrastructure Partners is a leading global
infrastructure company that owns and operates high quality,
long-life assets in the utilities, transport, energy and data
infrastructure sectors across North and South America, Asia Pacific
and Europe. We are focused on assets that generate stable cash
flows and require minimal maintenance capital expenditures.
Brookfield Infrastructure Partners is listed on the New York and
Toronto stock exchanges. Further information is available at
www.brookfieldinfrastructure.com.
Brookfield Infrastructure is the flagship listed infrastructure
company of Brookfield Asset Management, a leading global
alternative asset manager with over $500 billion of assets under
management. For more information, go to www.brookfield.com.
About GIC
GIC is a leading global investment firm established in 1981 to
manage Singapore’s foreign reserves. As a disciplined long-term
value investor, GIC is uniquely positioned for investments across a
wide range of asset classes, including equities, fixed income,
private equity, real estate and infrastructure. In infrastructure,
GIC’s primary strategy is to invest directly in operating assets
with a high degree of cash flow visibility and which provide a
hedge against inflation. GIC has investments in over 40 countries.
Headquartered in Singapore, GIC employs over 1,500 people across 10
offices in key financial cities worldwide. For more information on
GIC, please visit www.gic.com.sg or LinkedIn.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191230005192/en/
Michael Williams, G&W Corporate Communications
1-203-202-8916
Genesee and Wyoming (NYSE:GWR)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
Genesee and Wyoming (NYSE:GWR)
Historical Stock Chart
Von Dez 2023 bis Dez 2024