News / Freightliner owner Genesee & Wyoming to be acquired in $8.4bn deal

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Infrastructure investors Brookfield Infrastructure and Singapore’s state-owned GIC are set to buy North America rail operator Genesee & Wyoming (G&W) in a huge $8.4bn deal.

The three parties announced today that the price had been agreed, but stressed that it was unlikely to complete until the end of the year or in early 2020.

The deal requires approval by G&W’s shareholders, with some 66% of its stock publicly traded on the New York Stock Exchange.

G&W owns a portfolio of 120 short-line railroads, ...