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Caisse de dépôt acquires shares in a subsidiary of SNCF

Caisse de dépôt acquires shares in a subsidiary of SNCF

Caisse de dépôt et placement du Québec (CDPQ) has entered into a deal in partnership with DWS to acquire shares of the Ermewa Group, a subsidiary of French railway company SNCF.

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The three parties announced, on Friday, the conclusion of this deal after the approval of the competent authorities, including the European Commission and the French Ministry of Economy, Finance and Recovery.

Consequently, CDPQ and DWS Asset Management equally and under joint control acquired shares of Ermewa, which provides freight vehicle and tanker rental services in nearly 80 countries.

“By strengthening its leadership, Ermewa will play a key role in the transformation and decarbonization of freight transport, a priority that is consistent with our commitment to reduce the carbon intensity of our portfolio and, more broadly, the economy,” Emmanuel Jaclott, Senior Vice President and Head of Infrastructure announced in the press release. in CDPQ.

Strong carbon-neutral supply chains are vital, and we believe rail and tanker rental and maintenance services will play an important role. Our strategic direction continues to be growth, innovation, security, and customer-centric solutions, and will be intensified with the support of CDPQ and DWS.”

Negotiations for this acquisition began last April between SNCF, CDPQ and DWS.

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