Wells Fargo to Sell $4.4 Billion Rail Equipment Leasing Business

Key Takeaways WFC will divest its $4.4B rail lease portfolio to a JV formed by GATX and Brookfield Infrastructure. The sale aligns with WFC's push to simplify operations and focus on core financial offerings. WFC expects$2.4B in 2025 expense reductions through restructuring and strategic divestitures.Wells Fargo & Company (WFC) entered into a definitive agreement to divest its rail equipment leasing business to a newly formed joint venture between GATX Corporation and Brookfield Infrastructure. The deal ...