HSBC Holdings Plans to Sell UK Trains

HSBC Holdings is planning to sell its UK rolling stock leasing business of 4,000 trains for about £1.7bn ($2.56bn). Morgan Stanley Infrastructure, 3i Infrastructure and Star Capital have formed an investor group to acquire the fleet, according to The Sunday Times. The fleet is expected to include Intercity 225s, which operate between London and Edinburgh, and Javelin commuter trains, which run between Kent and London.

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