By Cristina Roca 
 

Credit Agricole SA (ACA.FR) said Thursday that its insurance arm and AXA SA's (CS.FR) real-assets investment unit have jointly bought European Locomotive Leasing from KKR & Co. Inc. (KKR).

ELL has a fleet of over 150 locomotives that it leases to more than 20 clients across Europe for freight transportation.

Financial details weren't disclosed. The transaction is part of Credit Agricole's strategy to contribute to the energy transition and a low-carbon economy through its investments, the bank said.

 

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

 

(END) Dow Jones Newswires

January 16, 2020 03:32 ET (08:32 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Grafico Azioni Axa (EU:CS)
Storico
Da Feb 2024 a Mar 2024 Clicca qui per i Grafici di Axa
Grafico Azioni Axa (EU:CS)
Storico
Da Mar 2023 a Mar 2024 Clicca qui per i Grafici di Axa