Federal Reserve Board announces approval of notice by Sumitomo Mitsui Trust Holdings, Inc., and Sumitomo Mitsui Trust Bank, Limited

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Federal Reserve Board announces approval of notice by Sumitomo Mitsui Trust Holdings, Inc., and Sumitomo Mitsui Trust Bank, Limited

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The following press release was published by the Board of Governors of the Federal Reserve System on June 10, 2016. It is reproduced in full below.

The Federal Reserve Board on Friday announced its approval of the notice under section 4 of the Bank Holding Company Act by Sumitomo Mitsui Trust Holdings, Inc., and Sumitomo Mitsui Trust Bank, Limited, both of Tokyo, Japan, to acquire 50 percent of the voting shares of Marubeni Rail Transport, Inc., a Delaware corporation, and thereby indirectly acquire Midwest Railcar Corporation, an Illinois corporation.

Attached is the Board's order relating to this action.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System

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