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Herbert Smith Freehills has advised DAL Deutsche Anlagen-Leasing (DAL) on a leasing transaction for 19 brand-new electric multiple units for the MoselLux regional railway network and the related green financing with BayernLB.

The project is structured as a leasing model, and the FLIRT XL multiple units are leased to DB Regio AG on a long-term basis. The four-car multiple units, manufactured by Stadler Rail, will be used in the MoselLux regional railway network around Trier and Koblenz as of December 2024.

DAL is a subsidiary of Deutsche Leasing AG, the largest non-captive leasing company in Germany. With a transaction volume of around €2.4 billion per year, the company is one of the leading specialists in the realisation of private sector investments and infrastructure projects in Germany.

Herbert Smith Freehills regularly advises DAL on leasing transactions in the rolling stock sector.

The team advising DAL Deutsche Anlagen-Leasing was led by counsel Hannes Jacobi and included partner Kai Liebrich as well as associate Justus ter Veen (all finance).

Key contacts

Dr Hannes Jacobi photo

Dr Hannes Jacobi

Counsel, Germany

Dr Hannes Jacobi
Kai Liebrich photo

Kai Liebrich

Managing Partner, Germany, Germany

Kai Liebrich
Justus ter Veen photo

Justus ter Veen

Associate, Germany

Justus ter Veen

Media contact

For further information on this article please contact

Friederike Hartmann

Head of Business Development


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