Vestar sells Swedish rail assets to Faiveley

Vestar Capital Partners, the US private equity firm, has divested Sab Wabco, a Swedish manufacturer of railway and train parts, in an unusual sale to a combination of trade and financial buyers.

French rail business Faiveley Group has teamed up with Sagard, a Franco-Canadian buy-out firm, to buy the company in a deal worth €310m ($381m).

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