DALLAS – Trinity Industries Inc. has completed the sale of the company’s European Rail business to International Railway Systems S.A.
The European Rail business was sold for $30 million plus working capital as defined in the sale agreement and the assumption of leases with obligations totaling approximately $6 million. The financial impact of the transaction will be recorded in the company’s third quarter ending Sept. 30, 2006.
The company does not expect a material financial impact to be recorded as a result of the transaction.
Trinity Industries, headquartered in Dallas, is one of the nation’s leading diversified industrial companies. Trinity reports five principal business segments: the Rail Group, the Railcar Leasing and Management Services Group, the Inland Barge Group, the Construction Products Group and the Energy Equipment Group.