May 24, 2022

The Queens County Citizen

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Caisse de dépôt acquires shares in SNCF’s subsidiary

Caisse de dépôt acquires shares in SNCF's subsidiary

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

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The three parties announced on Friday that the deal was finalized after the approval of competent officials, including the European Commission and the French Ministry of Finance, Finance and Restoration.

CDPQ and asset management company DWS have therefore acquired Ermeva shares, which provide freight train and tank container rental services in almost 80 countries, equally and under joint control.

“By consolidating its leadership, Ermeva will play a key role in the transformation and decorbonization of freight, reducing the carbon intensity of our portfolio and, more broadly, prioritizing our commitment to the economy” .

“Strong, carbon-free supply chains are vital, and we believe our Railcar and tank container rental and maintenance services will play an important role. Our strategic direction depends on growth, innovation, security and customer-centric solutions and will intensify with CDPQ and DWS support.” Said David Zindo, president of Ermeva Holding.

Negotiations for the takeover began last April between the SNCF, the CDPQ and the DWS.

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