15.03.2016
VTG Aktiengesellschaft DE000VTG9999
DGAP-News: VTG Aktiengesellschaft: New major shareholders for VTG Aktiengesellschaft
DGAP-News: VTG Aktiengesellschaft / Key word(s): Miscellaneous
VTG Aktiengesellschaft: New major shareholders for VTG Aktiengesellschaft
15.03.2016 / 16:05
The issuer is solely responsible for the content of this announcement.
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Press Release
New major shareholders for VTG Aktiengesellschaft
Hamburg, March 15, 2016. VTG Aktiengesellschaft (WKN: VTG999), one of
Europe's leading wagon hire and rail logistics companies, has gained two
new major shareholders. The Joachim Herz Stiftung in Hamburg has
communicated that it will hold ten percent of the company's share capital
and will thereby become the third largest shareholder. In addition, the
Hamburg-based bank M.M.Warburg & CO will hold five percent of VTG in the
future. Both shareholders have entered into purchase agreements with funds
managed by Wilbur Ross who, after more than ten years, has sold a part of
the existing shareholdings to the new owners. The funds recently held 35
percent of the company. The purchase agreements will close shortly.
Commenting on the development, Dr. Heiko Fischer, CEO of VTG
Aktiengesellschaft, said "I am very pleased that we have successfully
gained the Joachim Herz Stiftung and M.M.Warburg & Co as new shareholders.
The long-term investment horizon of both investors from Hamburg fits well
with our business model".
The submitting shareholders are the funds managed by Wilbur Ross, who
acquired the company from TUI AG in 2005 and listed it on the stock market
in 2007. "I am very proud to have been a part of VTG's success story to
date. Now that ten years have passed, it feels like the right time to place
a part of the investment in new, trustworthy hands", explained Wilbur Ross.
VTG's new shareholder structure
Andreas Goer continues to hold 29 percent of the shares in VTG
Aktiengesellschaft. According to the latest information the funds managed
by Wilbur Ross will hold 20 percent, the Joachim Herz Stiftung will hold
ten percent and M.M.Warburg & CO will hold five percent.
About VTG:
VTG Aktiengesellschaft is one of Europe's leading wagon hire and rail
logistics companies, with a fleet consisting of more than 80,000 railcars.
VTG offers a full-range service, providing tank cars, intermodal wagons,
standard freight wagons and sliding wall wagons. In addition to the hiring
of wagons, the Group offers comprehensive multi-modal logistics services,
mainly around rail transport, and global tank container transports.
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 2015, VTG generated revenue of EUR 1,027.5 million
and operating profit (EBITDA) of EUR 336.5 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 2015,
VTG had 1,445 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:
Monika Gabler
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]
More information at www.vtg.com
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15.03.2016 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.
Media archive at www.dgap-medientreff.de and 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
End of News DGAP News Service
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445365 15.03.2016
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