AMP Capital increases Alpha Trains stake
In an extension of its infrastructure investment strategy, AMP Capital has increased its stake in Europe's largest independent leasing company, Alpha Trains, increasing its shareholding from 14 per cent to 20.9 per cent.
The company said the Alpha Trains' portfolio comprises around 370 locomotives and 300 passenger trains, which are leased to public and private operators in about a dozen countries across continental Europe.
It said AMP Capital had been invested in Alpha Trains since 2008 when, as part of a consortium, it acquired the company from Royal Bank of Scotland.
Commenting on lifting the company's stake, AMP Capital Head of Infrastructure for Europe and the Americas, Boe Pahari, said rail transportation was an important sector for AMP Capital in Europe because of its growth potential.
"During the past 12 months, we have witnessed increasing market activity in the European train leasing market, making AMP Capital an early mover in this attractive investment sector.
"As the European Union supports increasing competition within the industry, we expect to see further opportunities opening up for private train operators and train leasing companies," he said.
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