30 03 2016

New major shareholders for VTG Aktiengesellschaft

VTG Aktiengesellschaft, 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.
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.
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 1,027.5million and operating profit (EBITDA) of EUR 336.5million. Via its subsidiaries and affiliates the company, which has its head office in Hamburg, is mainly present in Europe, North America, Russia and Asia. Jones Day advised W. L. Ross & Co., LLC in its sale of a 10% stake to Joachim Herz Stiftung and a sale of a 5% stake to Hamburg-based bank M.M.Warburg & Co. with a team led by partner Randi Strudler. Involved fees earner: Randi Strudler - Jones Day;

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