VBAG to Sell Container Business

Businessn.a. ♦ Published: August 18, 2012; 19:37 ♦ (Vindobona)

The Austrian partly nationalized bank is said to sell its container leasing business for € 163m.

VBAG to Sell Container Business / Picture: © Österreichische Volksbanken-AG (ÖVAG)

According to Bloomberg, VBAG may sell the container leasing business unit to Fortress Investment Group. VBAG´s container leasing business is grouped in Immoconsult Asset Leasing. Bloomberg reports that Immoconsult Asset Leasing is among the 15 biggest container leasing companies worldwide. The deal should be finished within the next few weeks. The transaction volume should not exceed $…