Rail Freight

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.

Sold by Hector: GB Railfreight’s No 66714 Cromer Lifeboat passes the photographer’s 1975 Triumph Dolomite Sprint at Helwith Bridge,on the Settle to Carlisle line with the 17.17 Clitheroe Castle cement works to Carlisle cement train (6C00) on 13 September 2019. Keith Dungate