Genesee & Wyoming (GWR) to Acquire Glencore Rail in A$1.14B Deal
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Genesee & Wyoming Australia Enters Into Agreements to Acquire Glencore Rail and to Concurrently Issue a 49% Equity Stake to Macquarie Infrastructure and Real Assets
October 20, 2016 2:00 AM EDTDARIEN, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYSE: GWR) announced today that its subsidiary Genesee & Wyoming Australia (GWA) has entered into agreements to acquire Glencore Rail (GRail) for A$1.14 billion and concurrently issue a 49% equity stake in GWA to funds managed by Macquarie Infrastructure and Real Assets (MIRA).
Transaction Highlights
Strengthens GWAs nationwide footprint in Australia by adding a significant presence in the Hunter Valley coal supply chain in New South Wales complementing GWAs existing intermodal, agricultural and mining... More
