DGAP-News: VTG Aktiengesellschaft: VTG increases TMF shareholding to 100 percent
(firmenpresse) - DGAP-News: VTG Aktiengesellschaft / Key word(s): Acquisition
VTG Aktiengesellschaft: VTG increases TMF shareholding to 100 percent
06.12.2010 / 09:00
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Press Release
VTG increases TMF shareholding to 100 percent
Hamburg, September 6, 2010. The Hamburg wagon hire and rail logistics
company VTG Aktiengesellschaft (WKN: VTG999) today increased its
shareholding in the French rail logistics company TMF S.A. from 75 percent
to 100 percent. The contract of sale was signed with Express-Interfracht
Internationale Spedition GmbH, a subsidiary of Rail Cargo Austria. The
contracting parties have agreed not to disclose the purchase price.
In July of this year, VTG announced the takeover of 75 percent of the
shares in TMF held by the company Ermewa. Approval for this was granted by
the antitrust authorities on September 1, 2010. The closing of this
transaction was completed on September 30, 2010. With the purchase of the
remaining 25 percent of shares, VTG has now taken over the TMF company in
its entirety. A further antitrust approval was not necessary.
In 2009, TMF achieved sales of EUR 59 million and employed a staff of 25,
mainly in France. The company is also represented in Belgium, the
Netherlands and Germany through three small subsidiaries. In 2009, TMF
transported some 3 million tonnes of grain, making it one of the two major
French providers in this market.
About VTG:
VTG Aktiengesellschaft is one of Europe's leading wagon hire and rail
logistics companies. The company has the largest private wagon fleet in
Europe. Globally, the fleet consists of some 50,000 wagons, with a focus on
tank cars and state-of-the-art high capacity freight cars and flat cars. In
addition to the hiring of wagons, the Group offers global tank container
transports and comprehensive multi-modal logistics services, mainly around
rail transport.
With the combination of its three interlinked divisions Wagon Hire, 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 2009, VTG generated revenue of EUR 581.5 million and
operating profit (EBITDA) of EUR 149.4 million. Via its subsidiaries and
affiliates the company, which has its head office in Hamburg, is mainly
present in Europe, Asia and North America. As at 31 December 2009, VTG had
963 employees worldwide in consolidated companies. Since June 2007, VTG AG
has been listed on the official Prime Standard market of the Frankfurt
Stock Exchange and also on the SDAX (WKN: VTG999).
Media contact:
Monika Gabler
Head of Corporate Communications
Telephone: +49 (0) 40 23 54-1341
Fax: +49 (0) 40 23 54-1340
Email: monika.gabler(at)vtg.com
Yvonne Studier
PR Officer Trade Press
Telephone: +49 (0) 40 23 54-13 45
Fax: +49 (0) 40 23 54-13 40
Email: yvonne.studier(at)vtg.com
For further information please go to www.vtg.com
End of Corporate News
06.12.2010 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: VTG Aktiengesellschaft
Nagelsweg 34
20097 Hamburg
Deutschland
Phone: 040 2354 0
Fax: 040 2354 1199
E-mail: info(at)vtg.de
Internet: www.vtg.de
ISIN: DE000VTG9999
WKN: VTG999
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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105545 06.12.2010
Datum: 06.12.2010 - 09:00 Uhr
Sprache: Deutsch
News-ID 32797
Anzahl Zeichen: 0
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Kategorie:
Business News
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