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Third Rosco Sold To Bank - Porterbrook Leasing sold to Abbey National - Brief Article
International Railway Journal, May, 2000
STAGECOACH Holdings, Britain, has sold its rolling stock leasing company (Rosco) subsidiary, Porterbrook, to Abbey National, a British bank, for [pounds]773 million.
Porterbrook will become part of Abbey National's Wholesale Bank which already conducts finance leasing for trains, including Eurostar, and other assets such as aircraft, ships, and satellites.
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Porterbrook was the last of the three original Roscos, which were privatised in 1996, not to have been purchased by a bank. Eversholt was taken over by HSBC and Angel Trains by the Royal Bank of Scotland in 1997.
COPYRIGHT 2000 Simmons-Boardman Publishing Corporation
COPYRIGHT 2002 Gale Group
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