Independent journal on economy and transport policy
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Holding Helvetian AAE has become only owner of branch operating AAE Cargo
Acquired 37.5% of the capital in the hands of the American GATX
September 27, 2013
Helvetian AAE Ahaus Alstätter Holding Eisenbahn AG, society specialized in the chartering of railway wagons in the European market with a fleet of beyond 30.000 means, has become only owner of branch operating AAE Cargo, joint venture constituted in 1994 with the group American GATX who work also it in the same market mainly in the America North, Europe and India with a fleet of about 140.000 railway wagons. AAE has in fact acquired 37.5% of the AAE share capital Cargo in the hands of GATX.
AAE has explained that GATX will concentrate own resources in Europe on the society integrally controlled GATX Rail Europe Inc., whose fleet is composed mainly from wagons reservior, while Holding AAE will continue to focus own activity on the chartering of railway wagons through its entire property of AAE Cargo.
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