Deals
DWS, CDPQ Near 3 Billion-Euro Deal for Rail Lessor Ermewa
- Investor consortium in advanced talks to buy railcar group
- Ermewa owned by French state-backed railway operator SNCF
Photographer: Yorgos Karahalis/Bloomberg
This article is for subscribers only.
DWS Group and Caisse de Depot et Placement du Quebec are nearing a deal to acquire French state railway company SNCF’s leasing unit Ermewa Group, people familiar with the matter said.
DWS, an asset manager controlled by Deutsche Bank AG, and the Canadian pension fund are in advanced negotiations on a potential acquisition of the business, the people said. A deal could value Ermewa at more than 3 billion euros ($3.6 billion), according to the people, who asked not to be identified discussing confidential information.