Global law firm Norton Rose Fulbright has advised a pool of seven banks ABN Amro Bank, Crédit Agricole, Crédit Industriel et Commercial, HSH Nordbank AG, ING Bank, KfW IPEX Bank GmbH and La Banque Postale Crédit Entreprises on a major €750 million rail financing for Akiem Holding, SNCF’s locomotive rental subsidiary, for the refinancing of existing locomotives and financing of new locomotives.

The debt financing was closed in connection with the sale of 50% of the shares of Akiem Holding to a fund owned by Deutsche Asset & Wealth Management Infrastructure.

The Norton Rose Fulbright team in Paris that conducted the transaction was led by partner and head of the banking and finance department Christine Ezcutari, assisted by Alexandre Roth, senior associate and Ayaka Millet. In Hamburg, Timo Noftz, partner, assisted by Oliver Paasch, senior associate, advised on the German law lease agreements. Daniel Franks, partner, assisted by Charlotte Brown, of the London office advised on the hedging aspects of the transaction.

Other counsel: Akiem was advised by Hogan Lovells LLP