KKR-backed leasing firm orders locomotives from Siemens
By: Reuters | Mar 31 2014 at 06:12 AM | Intermodal
European Locomotive Leasing (ELL), a leasing firm with financial backing by buyout group KKR , is ordering up to 50 locomotives from German industrial conglomerate Siemens.
Delivery will start immediately and run until 2016, Siemens said in a statement on Monday.
Financial details of the contract were not provided. (Reporting by Kirsti Knolle; Editing by Victoria Bryan)