Wascosa: EUR 240 million for expansion

Wascosa: EUR 240 million for expansion
© Wascosa

Wascosa Group has completed the €90m increase of its existing investment facility and the inclusion of a second €150m investment facility.

Despite the uncertain environment and challenging financing markets, Wascosa Group has also been able to establish a new EUR 150 million growth capex line with KfW IPEX-Bank on its existing financing platform.

Benjamin Mehran, Group Head of Investments & Financing, said: "We are very proud to complete the first expansion of our growth financing facilities following the establishment of our new corporate financing platform in 2022, which demonstrates the trust and strong relationship with our core banks, who have agreed to provide us with additional funds based on their confidence in the strength and reliability of our business model and the solid performance of the Group in 2022."

These facilities also support the framework of a sustainability strategy by focusing on investments that accelerate the shift from road to rail, the company declared.

"In 2023, our Group has demonstrated its continued ability to structure and build a sustainable investment pipeline of new rail freight assets. This increase in our growth financing is essential to fund our long-term growth. Again, a major milestone in our journey to maintain and expand our leading position in Europe," concludes Benjamin Mehran.

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