AXA and Credit Agricole completed the acquisition of European Locomotive Leasing from KKR for $1bn.

A consortium formed by AXA Investment Managers and Credit Agricole Assurances completed the acquisition of European Locomotive Leasing, a provider of electric locomotive leasing solutions, for $1bn. “I would like to thank KKR for having believed in us from the beginning and having enabled me and my team to turn the vision we had for ELL into a successful reality. I also want to welcome AXA IM – Real Assets and Crédit Agricole Assurances as our new partners, who will provide significant further resources to bring our company to the next level,” Christoph Katzensteiner, ELL Founder and CEO.