HSBC Sells Train Rolling-Stock Unit To MS Led Consortium For $3.38 Billion

HSBC (NYSE:HBC) declared it offered its train rolling-stock unit to a consortium of investors led by Morgan Stanley (NYSE:MS) in a deal valued at .38 billion, subsequent months of due diligence. The offer marks the last exit from a significant London-based mostly bank. Other investors involved in the consortium incorporated 3i Infrastructure PLC and Star Funds.
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