21.03.2018 VTG Aktiengesellschaft  DE000VTG9999

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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 666885 21.03.2018