Smith, Gambrell & Russell, LLP (SGR) is pleased to announce that the Firm advised SBB Cargo AG in connection with the tender and the procurement of a total of up to 129 new mainline locomotives from Stadler Rail Valencia, part of the Stadler Rail Group. The SGR team advised the client on structuring of the tender, tendering, evaluation of offers, drafting and negotiation of the documentation relating to purchase of the locomotives and all related issues. The procurement is part of a long-term strategy to renew all SBB freight rolling stock – including shunting locomotives and freight wagons – by 2050.
“This is a strategic project of SBB Cargo AG to renew its existing fleet of freight locomotives with a new Bo’Bo’ locomotive and we are pleased to have assisted SBB Cargo with this important transaction as the company prepares for the future of rail transport” said Dr. Stefan Buske, Partner in the Corporate Practice of Smith, Gambrell & Russell, LLP and leader of the team on this transaction.
The SGR legal team from the Firm’s Munich office was led by Dr. Stefan Buske, Partner in the Corporate Practice. Dr. Buske possesses more than 25 years of experience in the field of law, having practiced in both the United States and Germany. He focuses his practice on structured finance, corporate law, mergers and acquisitions, leasing, and project financing. From the start of a project to its completion, Dr. Buske provides guidance to financiers, investors, lessors, transportation companies, and public sector agencies.
Original source can be found here.