Mitsui combines with JA Mitsui Leasing, Norinchukin for North American Railcar leasing
Mitsui & Co. Ltd. has entered into an agreement with JA Mitsui Leasing Ltd. (JAML) and The Norinchukin Bank for their participation in Mitsui Rail Capital LLC (MRC), which operates a railcar leasing business in North America. JAML and Norinchukin will acquire shares of MRC through their newly established special purpose company, JAML MRC Holding, Inc. (JMRCH). Following this transaction, Mitsui and JMRCH will hold 50% of MRC’s equity shares, respectively.