Ashurst advised Crédit Agricole Corporate & Investment Bank on the financing of the acquisition of ten Stadler FLIRT II electrical multiple units. Crédit Agricole CIB provided a subsidiary of BeNEX GmbH, a Hamburg-based holding company for rail and bus transport, with circa €27 million for the purchase of the previously leased trains.

The trains of the Swiss rolling stock manufacturer Stadler Rail are being operated by Cantus Verkehrsgesellschaft mbH in the regional rail transport network Nordost-Hessen (Northeast-Hesse) between the cities of Kassel, Göttingen, Bebra, Fulda and Eisenach. The Kassel-based railway company is a subsidiary of BeNEX GmbH and Hessische Landesbahn GmbH.

Ashurst advised with a multi-practice team from Frankfurt and Paris led by the partners Andreas Vogel (transport) and Derk Opitz (finance). Their team comprised associate Annabelle Sachs and transaction manager Kerstin Sponer (both finance) as well as counsel Dr Maximilian Boemke and senior associate Holger Mlynek (both transport). Paris-based partner Stéphanie Corbière (finance) advised on French law.