TOUAX : Information regarding the sale of the European modular activities to TDR Capital LLP
(Thomson Reuters ONE) -
PRESS RELEASE - Paris, 15 November 2017- 6 p.m.
TOUAX
YOUR OPERATIONAL LEASING SOLUTION
Information regarding the sale of the European modular activities to TDR Capital
LLP
----
On June 30, 2017, TOUAX had also announced the signature of an irrevocable put
option providing for the sale of its European modular activities with a company
owned by TDR Capital II Holdings LLP. This fund is managed by TDR Capital LLP,
which currently owns a majority stake in Algeco-Scotsman. TOUAX subsequently
signed a share purchase agreement on August 4, 2017.
Despite the satisfaction of the condition precedent relating to the clearance of
the competent competition authorities and the irrevocable nature of the share
purchase agreement, the closing did not occur due to the purchaser. Based on its
disagreement with the purchaser, TOUAX has been obliged to initiate expedited
proceedings, pending before the Presiding judge of the Paris Commercial Court,
in order to seek injunctive relief requiring the purchaser to perform its
obligations under the share purchase agreement.
This proceeding does not change the IFRS 5 analysis with respect to the
financial statements which presents the European modular activities as
"discontinued operations".
TOUAX Group leases out tangible assets (freight railcars, river barges and
shipping-containers) on a daily basis throughout the world, for its own account
and on behalf of third party investors. With close to ?1.3 billion under
management, TOUAX is one of the European leaders in the operational leasing of
this type of equipment.
TOUAX is listed in Paris on EURONEXT - Euronext Paris Compartment C (Code ISIN
FR0000033003) and on the CAC® Small and CAC® Mid & Small indexes and in
EnterNext PEA-PME.
For more information: www.touax.com
Contacts:
TOUAX
Fabrice & Raphaël Walewski
Managing partners
touax(at)touax.com
Tel: +33 (0)1 46 96 18 00
ACTIFIN
Ghislaine GASPARETTO
ggasparetto(at)actifin.fr
Tel: +33 (0)1 55 88 11 11
Touax - information about its European modular activities:
http://hugin.info/143600/R/2150050/825219.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: TOUAX via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 15.11.2017 - 18:00 Uhr
Sprache: Deutsch
News-ID 568357
Anzahl Zeichen: 3049
contact information:
Town:
Paris-la-Défense
Kategorie:
Business News
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