ACA Credit Agricole SA

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Credit Agricole, AXA Buy European Locomotive Leasing From KKR

   By Cristina Roca

Credit Agricole SA (ACA.FR) said Thursday that its insurance arm and AXA SA's (CS.FR) real-assets investment unit have jointly bought European Locomotive Leasing from KKR & Co. Inc. (KKR).

ELL has a fleet of over 150 locomotives that it leases to more than 20 clients across Europe for freight transportation.

Financial details weren't disclosed. The transaction is part of Credit Agricole's strategy to contribute to the energy transition and a low-carbon economy through its investments, the bank said.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

(END) Dow Jones Newswires

January 16, 2020 03:32 ET (08:32 GMT)

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