15.03.2016 16:05:51
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DGAP-News: VTG AG
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: monika.gabler@vtg.com
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: christoph.marx@vtg.com
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: ir@vtg.com 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 ---------------------------------------------------------------------------
445365 15.03.2016
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