Diversified industrial company Trinity Industries ( TRN) agreed to sell its European rail business to an unnamed company in Luxembourg. The sale is subject to certain terms and conditions that have not yet been completed. The Dallas-based company hopes to close the transaction within 45 days. "As we have previously stated, we have been reviewing strategic alternatives for our European rail business," the company said. "By completing this transaction, it allows us to dedicate more of our resources and assets to the opportunities we have in North America."