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"The ultimate shareholders of Porterbrook have informed the company that they are exploring options for their investment in the company and its associated companies, which include a possible sale of their interests."A further announcement will be made in due course, as appropriate."
Porterbrook refinanced its debts last month, raising £1.2 billion, through:
The sale is poised to create controversy over the sector due to the existence of only two competitors: Angel Trains and Eversholt.
In 2009, a Competition Commission concluded that competition in the market for the leasing of rolling stock was restricted by the limited number of alternative fleets available.
Porterbrook's investment to date in the UK rail markets totals to £2 billion in new trains and over £300 million on existing fleet refurbishment.
Several days ago, we announced that Pamplona Capital Management LLP has announced that it has signed a definitive purchase agreement to acquire Beacon Rail Leasing, a UK locomotive and rolling stock leasing company from BTMU Capital Corporation, a subsidiary of Mitsubishi UFJ Financial Group.