EQT INFRASTRUCTURE’S Hector Rail Group has sold GB Railfreight to Infracapital, the unlisted infrastructure equity arm of M&GPrudential. Hector acquired GBRf from Eurotunnel Group’s Europorte subsidiary in November 2016.
GBRf highlights its expansion during that period, notably in the intermodal market where it has launched a range of new routes.
The company now operates over 1,000 trainloads a week, moving around 23% of UK rail’s cargo. Infracapital invests in, builds and manages a diverse range of infrastructure. M&GPrudential, a savings and investments business, was formed in 2017 through the merger of Prudential’s UK and Europe savings and insurance operation with M&G, its wholly owned international investment manager.
In August 2019, M&GPrudential announced its intention to list its shares under the name M&G plc when it demerges from Prudential plc in the fourth quarter of this year. Infracapital is also joint owner with Deutsche Asset Management of Corelink Rail Infrastructure, a rolling stock leasing company which is financing new fleets of trains for the West Midlands franchise.