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GATX Corp Announces Sale Of Interest In AAE Cargo

Thursday, 26 Sep 2013 09:00am EDT 

GATX Corp announced the sale of its 37.5% interest in AAE Ahaus Alstätter Eisenbahn Cargo AG to its partner, AAE Ahaus Alstätter Eisenbahn Holding AG. The sale price of €84.5 million consisted of €17.0 million in cash and a €67.5 million secured loan to AAE Holding. As a result of the sale, GATX will report an after-tax loss of approximately $3.0 million attributable to the AAE affiliate in the third quarter. 

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