Greentrains is a locomotive and rolling stock leasing company in Australia. It was formed in June 2008 as a subsidiary of Coote Industrial.[1]
| Industry | Rail transport |
|---|---|
| Founded | June 2008 |
| Headquarters | Perth Western Australia , Australia |
| Services | Rolling stock leasing |
| $6.8m (June 2015) | |
| $4.3m (June 2015) | |
| Parent | Engenco (ASX: EGN) 81% |
| Website | www.engenco.com.au |
In 2008, Coote Industrial subsidiary Gemco Rail acquired 42 locomotives and 54 wagons from the distressed Allco Finance Group that were being leased by Coote subsidiaries South Spur Rail Services and Southern & Silverton Rail.[2][3] After refurbishment it was planned to sell them to Greentrains who in turn would lease them back South Spur and Southern & Silverton.[4]
However, Greentrains ran into trouble raising funds to complete the deal and by June 2010, Coote Industrial had converted its debt to equity giving it an 81% shareholding.[5][6]
As of January 2013, Greentrains owned 38 locomotives and 39 wagons.[3] In April 2016, the majority of the locomotives were sold to Southern Shorthaul Railroad.[7][8]
Fleet edit
| Locomotive | Status |
|---|---|
| 48s37 | Striped for parts Parkes |
| T383 | Stored |
References edit
- ^ Greentrains Limited Australian Securities & Investments Commission
- ^ Annual Report 30 June 2009 Archived 11 April 2013 at the Wayback Machine Coote Industrial
- ^ a b Independent Directors unanimous recommendation in relation to Elph Pty Ltd's unconditional off-market takeover offer Archived 11 April 2013 at the Wayback Machine Engenco 16 January 2013
- ^ Annual Report 30 June 2008 Archived 18 July 2009 at the Wayback Machine Coote Industrial
- ^ Greentrains Funding Activities and Future Direction Archived 12 April 2013 at the Wayback Machine Greentrains 2 September 2009
- ^ Annual Report 30 June 2010 Archived 12 April 2013 at the Wayback Machine Coote Industrial
- ^ Disposal of Greentrains rollingstock Archived 18 February 2017 at the Wayback Machine Engenco 28 April 2016
- ^ "Greentrans rollingstock sold to Holdco Holdings" Railway Digest June 2016 page 6