21.03.2018
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DGAP-News: VTG Aktiengesellschaft: VTG's takeover of Nacco conditionally approved by the Federal Cartel Office
DGAP-News: VTG Aktiengesellschaft / Key word(s): Miscellaneous
VTG Aktiengesellschaft: VTG's takeover of Nacco conditionally approved by
the Federal Cartel Office
21.03.2018 / 14:25
The issuer is solely responsible for the content of this announcement.
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VTG's takeover of Nacco conditionally approved by the Federal Cartel Office
Hamburg, March 21, 2018. Germany's Federal Cartel Office today approved
VTG's acquisition of the Nacco Group subject to compliance with certain
conditions. A corresponding decision of the Austrian antitrust court is
expected before the Easter holidays.
On July 1, 2017, VTG Aktiengesellschaft ("VTG AG") announced plans to
acquire all shares in CIT Rail Holdings (Europe) SAS. CIT Rail Holdings
(Europe) SAS owns the Nacco Group, a railcar leasing company with
pan-European activities and a fleet of around 14,000 freight cars. The
conditional approval granted by Germany's Federal Cartel Office aligns with
VTG's offer to sell about 30 percent of the Nacco business it will acquire
to third parties in advance of the deal. The Executive Board of VTG AG now
expects its acquisition of the remaining roughly 70 percent (around 10,000
freight cars) to be completed in the second half of 2018.
About VTG:
VTG Aktiengesellschaft is one of Europe's leading railcar leasing and rail
logistics companies, with a fleet of more than 80,000 railcars. VTG is a
full-service provider, supplying tank cars, standard freight cars,
intermodal cars and sliding-wall railcars. Beyond its leasing activities,
the Group delivers a comprehensive portfolio of multimodal logistics service
focused primarily on rail freight and global tank container transportation.
With the combination of its three interlinked divisions Railcar, Rail
Logistics and Tank Container Logistics, VTG offers its customers a
high-performance platform for international transport of their freight. The
Group has many years of experience and specific expertise, in particular in
the transport of liquid and sensitive goods. Its customers include numerous
well-known companies from almost every industrial sector, for example the
chemical, petroleum, automotive, paper and agricultural industries.
In the financial year 2016, VTG generated revenue of EUR 987 million and
operating profit (EBITDA) of EUR 345 million. Via its subsidiaries and
affiliates the company, which has its head office in Hamburg, is mainly
present in Europe, North America, Russia and Asia. As at 31 December 2016,
VTG had 1,443 employees worldwide in consolidated companies. VTG AG is
listed on the official Prime Standard market of the Frankfurt Stock Exchange
and also on the SDAX (WKN: VTG999).
Press contact:
Gunilla Pendt
Head of Corporate Communications
Telephone: +49 (0) 40 23 54-1341
Fax: +49 (0) 40 23 54-1340
E-mail: [email protected]
Investor relations contact:
Christoph Marx
Head of Investor Relations
Telephone: +49 (0) 40 23 54-1351
Fax: +49 (0) 40 23 54-1350
E-mail: [email protected]
For further information please see www.vtg.com
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21.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: VTG Aktiengesellschaft
Nagelsweg 34
20097 Hamburg
Germany
Phone: 040 2354 1351
Fax: 040 2354 1350
E-mail: [email protected]
Internet: www.vtg.de
ISIN: DE000VTG9999
WKN: VTG999
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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