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Finance secured for further growth
Photo: Wascosa
Wascosa Group Holding has successfully increased its funding for upcoming investments. Specifically, it has closed the raise of its existing capex facility by EUR 90 million, establishing a solid long-term basis for further investments in railfreight wagons.
Furthermore, despite the uncertain environment and challenging financing markets, the group has been able to setup a new growth capex line with KfW Ipex-Bank in the amount of EUR 150 million on its existing financing platform.
These facilities support investments accelerating the shift from road to rail, the holding said. Based in Luxembourg, Switzerland and Germany, Wascosa specialises in investing, financing and leasing of a large range of railfreight wagons. (ben)