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Kelling Group, which owns and leases equipment for rail, road and telecom maintenance, ‘benefits from capital expenditure across all critical infrastructure sectors’.
The French group fought off competition from compatriot Meridiam in a tender which initially attracted 27 bidders.
Vehicle makes its final investment, buying a stake in 14 airports that were among the first assets to be sold under the country’s privatisation programme.
The firm has now committed over £550m to the sector which is under pressure for more investment.
The group’s second fund makes its third acquisition, taking a 60% stake in the Swedish transport company.
It’s full-steam ahead for their first investment together as the pair agree to buy 413 trains to operate on the new West Midlands Trains franchise.
The proposal, which includes $595m in payments and $550m for maintenance and improvements, could face an uphill battle for approval from the county’s legislators.

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