DEAL NEWS TRANSPORTATION & LOGISTICS - WHAT'S UP IN YOUR MARKET - A FOCUS ON DEALS ACTIVITY - PWC
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Deal News – Transportation & Logistics
What's up in your market – a focus on deals activity, December 2016
www.pwc.de
Deal News
Transportation
& Logistics
What's up in your
15. December 2016
market – a focus
on deals activity
Research CenterDeal News – Transportation & Logistics
What's up in your market – a focus on deals activity, December 2016
EuroFreight Experienced business advisors, Central Finance have raised a six-figure
Shipping Agencies finance package for Halesowen business EuroFreight Shipping Agencies
bought by Ltd to fund the management buyout of the freight forwarding business,
management team
to diversify the service provision and securing the future of the business
under sole ownership. EuroFreight Shipping Agencies Ltd, established
in 1991, are an international freight forwarding business with a collective
of 90 years’ experience in exporting and importing of cargoes to and
from worldwide destinations via road, sea and air/express approached
Central Finance to access finance to buy out the former owner and to
focus on new markets for the freight forwarder. The Midlands based
financial consultancy, who have over sixty years’ collective experience in
commercial finance including; business development loans, commercial
mortgages, peer to peer finance and grants sourced a Peer to Peer
finance package via ThinCats, which allowed shareholder Rick Alphonso
to buy out the former owner and to focus on new markets for the freight
forwarder.
15.12.2016 Company Press Release(s)
STEF buys 100% in Following the acquisition of SPEKSNIJDER company (2014) and the
VERS-Express, purchase of a 20,000 m² land in Bodegraven (2015), STEF, the France-
acquires minority listed transportation services company, continues its expansion in the
stake in Netko Netherlands with the acquisition of VERS-Express (Eindhoven) and a
real estate and a minority stake in Netko company (Raalte). STEF thus
reinforces its network in this country and expands its range of services in
temperature-controlled transport and logistics. STEF Netherlands has
now three sites, totaling 16,000 m², well spread throughout the country:
In the Northteast, in Raalte, a 2,500 m² refrigerated (2-4°C) transport
and logistics site (Netko). In the Southeast, in Eindhoven: a 2,000 m²
refrigerated (2-4°C) transport site (VERS Express). In the center, in
Bodegraven: a 6,500 m² refrigerated (2-4°C) and frozen (-25°C)
transport and logistics site (SPEKSNIJDER) which will, in September
2017, benefit from an additional 5,000 m² refrigerated capacity (2-4°C).
Under the direction of Christian Dooms, director at STEF Netherlands,
transport and logistics operations, serve 300 clients and employ 250
people. Serge Capitaine, deputy CEO of STEF, declared: "With these
acquisitions, STEF is now in a position to cover the whole country by
itself. They materialize our development ambitions in the Netherlands
for our two business lines, temperature-controlled transport and
logistics services for food products". VERS Express was founded in 1997,
and is headed by Frank Gruijters. From its Eindhoven platform, it
carries out consolidation as retail distribution operations. The company
has 40 employees and a fleet of 27 vehicles.
13.12.2016 Company Press Release(s)Deal News – Transportation & Logistics
What's up in your market – a focus on deals activity, December 2016
Van Duuren As of 1 January 2017, Interport B.V., with locations at Schiphol and
acquires Interport Barcelona, has been acquired by Van Duuren of Vianen. Interport has
more than 25 years’ experience in transport to and from Spain and
Portugal, and provides scheduled services with guaranteed departure
and arrival times for a number of European countries. With their high-
security box trailers Interport operates especially in transporting high-
value and urgent loads such as airfreight, high-tech and pharmaceutical
goods. Interport’s clients experience an on-time delivery performance of
no less than 99.2%. Interport is ISO, TAPA and AEO certified. As a pan-
European logistics services provider Van Duuren, with their finely
woven network, is active in 39 countries. Their client base is increasing,
this to a large extent in carrying retail and high-tech goods. The
acquisition of Interport means that Van Duuren can take advantage of
Interport’s experience in the areas of security and tracking systems, and
also gradually expand Interport’s geographical area of activity. Both
Interport and Van Duuren are family businesses.
13.12.2016 Company Press Release(s)
CAT Group's Nox Nachtexpress, the German transportation service provider
German subsidiary delivering packages during the night, has agreed to acquire the
to be acquired by Germany-based subsidiary of the French transportation group, Groupe
Nox Nachtexpress CAT, effective from 1 January 2017, DVZ reported. Financial terms were
(translated) not disclosed in the German language article. Nox Nachtexpress will
increase its turnover by more than EUR 50m per annum and employees
about 120 people, the item added.
13.12.2016 DVZ
Pentalver Transport A subsidiary of Genesee & Wyoming Inc. (G&W) (NYSE:GWR), a
to be acquired by Darien, Connecticut-based freight railway operator, will purchase
Genesee & Pentalver Transport Limited, an English off-dock container terminal
Wyoming from APM operator, from a subsidiary of APM Terminals, a Dutch port operator,
Terminals for USD for USD 110m. APM Terminals is a subsidiary of AP Moller-Maersk. The
110m transaction is expected to close in the first quarter of 2017. The
acquisition will enable G&W to enhance its U.K. services, unlock
efficiencies from shared services and enhanced asset utilization.
Pentalver, with 600 workers, operates off-dock container terminals at
each of the four major seaports of Felixstowe, Southampton, London
Gateway and Tilbury and an inland terminal located at Cannock, in the
U.K. The firm also operates a trucking haulage service with more than
150 trucks. Genesee & Wyoming owns or leases 122 freight railroads
worldwide with 7,300 employees and more than 2,800 customers. The
firm's subsidiaries provide rail service at more than 40 major ports in
North America, Australia and Europe and perform contract coal loading
and railcar switching for industrial customers.
13.12.2016 Company press release.Deal News – Transportation & Logistics
What's up in your market – a focus on deals activity, December 2016
DynaGroup On December 12, 2016, Bpost published the following press release on
acquired by Bpost its website: bpost and DynaGroup signed an agreement on 12 December
2016 on the acquisition by bpost of 100% of the shares of DynaGroup.
The goal of the acquisition is to strengthen the bpost parcel division with
new complementary logistical knowhow and accelerate the international
development of DynaGroup’s growth platform. After the successful
acquisition of the Belgian activities of Lagardère Travel Retail, bpost
now takes another step in its growth and diversification strategy with
regard to proximity and convenience. The acquisition of the whole
DynaGroup and its business units (Dynafix, Dynalogic, Dynasure and
Dynalinq) will enable bpost to add further logistical solutions to its
services for e-commerce customers. The acquired businesses generated a
consolidated turnover of EUR 88.5m and a normalized EBITDA of EUR
6.8m for the period ending 31 December 2015. DynaGroup offers a range
of logistical services and software, from the repair of electronics (from
smartphones to coffee machines) to personalized e-commerce delivery
services, for both small products (ranging from passports to
smartphones with contract finalization on the doorstep) and large
consumer products (such as the delivery and installation of washing
machines). DynaGroup counts approximately one thousand customers
in the BeNeLux (including major telecom operators, smartphone
manufacturers, insurers, retail chains and market leaders in e-
commerce). DynaGroup – established in 1995 and headquartered in
Sittard (Netherlands) – will continue to operate under its own name as
an independent personalized logistics division within bpost.
13.12.2016 Company Press Release(s)
OFP Atlantique in OFP Atlantique, a French railways company, is seeking an investor after
talks with investors its peer Euro cargo (a subsidiary of German logistic group DB Schenker)
(translated) decided to sell its 24.9% stake, Atlantique Presse Information reported.
The French news portal credited OFP Atlantique President Philippe
Guillard as saying that they are in talks with several unidentified
bidders. Other OFP Atlantique shareholders include the Nantes Saint-
Nazaire port (24.9%) and the La Rochelle port (50.2%). The company
expects EUR 11m in turnover this year.
12.12.2016 Atlantique Presse Information
Renfe and Adif mull Renfe and Adif, the two Spanish state-owned rail infrastructure
possible merger - companies are studying a possible merger into a holding, Expansión
report (translated) reported citing union sources. The eventual merger would take place
more than 10 years after they split into two different companies to
differenctiate the construction of railway transport lines from its
management, and as a step prior to the opening of the sector to the
competence, the paper noted. The potential integration was commented
on a meeting between Adif's new president Juan Bravo and the workers'
committee, the paper went on to report citing the same union sources.
The transaction should be finally evaluated by the two companies' newDeal News – Transportation & Logistics
What's up in your market – a focus on deals activity, December 2016
presidents Juan Bravo (Adif) and Juan Alfaro (Renfe), as well as by the
new head of the Ministry of Public Works and Transport Iñigo de la
Serna, the item reported. Other factors that have led to consider a
possible merger are the failure of the liberalisation of the transport of
the merchandise sector that began in 2005, and the decision to delay the
entry of Renfe competitors in the transport of passengers sector until
2020. This decision will limit Adif's revenues, that come mainly from the
toll that Renfe pays to use rail tracks and stations and which are used to
amortize the investment made to construct them, Expansion pointed.
Adif Alta Velocidad, the unit in charge of the Spanish high speed
network AVE, posted losses of EUR 140m in the first half of 2016 and a
debt of nearly EUR 15bn. On the other side, Renfe expects to close 2016
as its second year with benefits ever thanks to AVE exploitation, and has
reduced debt to less than EUR 5bn, the news item informed. The two
companies employ nearly 13,000 staff and prepare to hire new workers
for the first time after the economic crisis, the Spanish-language paper
wenton to report.
12.12.2016 Expansion
HS1 potential sale HS1, the high-speed railway line linking London to the Channel tunnel,
price estimated at could sell for up to GBP 3.6bn (EUR 4.26bn), according to an estimate
up to GBP 3.6bn - cited by the Financial Times. The newspaper cited one person following
report a strategic review being conducted by HS1’s owners who said similar
infrastructure assets should be valued at 15 to 20 time earnings before
interest, tax, depreciation and amortisation (ebitda). HS1’s holding
company had sales of slightly less than GBP 300m in the FY to March
2015, the item said, citing the company’s most recent accounts. The
company’s ebitda declined from GBP 180.4m to GBP 181.6m year-on-
year, the report added. A valuation multiple of 20 times ebitda would
value HS1 at GBP 3.6bn, according to the person cited by the report.
HS1’s owners Borealis Infrastructure and Ontario Teachers’ Pension
Plan announced on Thursday, 8 December that they have begun a
strategic review of the business following several third party enquiries.
Borealis manages the infrastructure investments of the Ontario
Municipal Employees Retirement System (OMERS).
09.12.2016 Financial Times
Transcontainer TransContainer [MCX: TRCN], the Russian intermodal freight transport
attracts investor company, has attracted the interest of the largest market participants,
interest including including Freight One (PGK), a part of Vladimir Lisin’s UCL Holding,
FGK; RZD wants to Russian newspapers Vedomosti and Kommersant reported, citing RZD
retain control President Oleg Belozerov. Other interested bidders include Russian
(translated) Ziyavudin Magomedov’ Summa Group and Russian Direct Investment
Fund (RDiF) jointly with foreign investors, Kommersant added. Russian
state-owned railway group RZD wants to retain control in
TransContainer, Vedomosti reported, citing Belozerov. The contenders
are interested in a controlling stake, but RZD is not ready to give up theDeal News – Transportation & Logistics
What's up in your market – a focus on deals activity, December 2016
control in the company, Belozerov confirmed. He specified that the stake
will be sold if RZD is offered significant money, Vedomosti reported.
Summa since summer has been offering to acquire RZD’s stake in
TransContainer and has developed several options of the deal structure,
Vedomosti continued, citing a source close to the group, adding that
there is no official response from RZD. A 50% stake +2 shares in
TransContainer is owned by RZD-controlled Integrated Transport &
Logistics Company (OTLK), a 25.02% stake is owned by Summa and its
affiliates, and more than a 24% stake is owned by non-state pension
fund Blagosostoyanie, affiliated with RZD, Kommersant reported.
08.12.2016 Vedomosti
WESTbus Blaguss, a family-owned Austrian passenger bus group, has increased its
shareholder Blaguss stake in local peer WESTbus from 51% to 100%, Oberoesterreichische
secures sole control Nachrichten reported. The German-language newspaper quoted a joint
(translated) statement released by Blaguss, and Rail Holding, an Austrian railway
group and vendor of the 49% stake in WESTbus. No financial details
were disclosed. WESTbus was founded in 2011 and has since
transported 850,000 passengers. The company has grown at an annual
rate of 10% and its financial results improved constantly, the report
revealed. Blaguss itself generates EUR 165m annual revenue, the report
added. The core competence of Rail Holding is the operation of
WESTbahn, the first private passenger train operator in Austria. The
largest shareholder in Rail Holding is the private foundation of Austrian
businessman Hans-Peter Haselsteiner.
08.12.2016 OOeNachrichten
BRT minority stake La Poste, the national French postal operator, has acquired a minority
acquired from La stake in BRT, the Italian logistics company, Italian newspaper La
Poste for Repubblica Affari e Finanza reported. The report, which cited sources
undisclosed amount close to the situation, said that the French group acquired the company
– report through its Geopost-Dpd unit and could soon increase its stake in the
(translated) company. BRT, which has 1,000 direct employees, generated revenues of
more than EUR 1.14bn and an Ebitda of EUR 14.5m in 2014, the item
noted.
06.12.2016 La Repubblica (Affari e Finanza)
Engljaehringer files Engljaehringer, an Austrian road cargo company, has filed for insolvency
for insolvency at a regional court in Wels, Die Presse reported. The German-language
(translated) newspaper quoted Austrian credit reference agency KSV1870. Family-
owned Engljaehringer generates EUR 5m annual revenue, according to a
corporate information portal.
06.12.2016 Die PresseDeal News – Transportation & Logistics
What's up in your market – a focus on deals activity, December 2016
UVZ-Logistic: UVS Uralvagonzavod (UVZ), Russian state-owned machinery corporation,
seeks sale by year the manufacturer of freight railway cars, wants to sell its logistics
end, FGK and subsidiary UVZ-Logistic by the end of this year, reported Vedomosti
Alexander citing UVZ Chief Executive Officer Oleg Sienko. Sberbank Leasing and
Karmanov confirm Sberbank CIB have been collecting offers for the purchase of UVZ-
interest (translated) Logistic since last week. Citing Sberbank CIB’s letter to potential
bidders, the Russian daily reported that the interested parties should
submit a transaction price, the forms and sources of financing, and sign
a schedule for the repayment of debt owed by UVZ-Logistic to its parent
company. The deadline for bid submissions was extended from Friday to
Monday (5 December) evening, the report added. The item reported that
there are not many bidders wishing to acquire the asset. Among market
participants surveyed by Vedomosti, only Federal Freight (FGK) and
Alexander Karmanov – the owner of Eurasian Pipeline Consortium –
confirmed interest in acquiring UVZ-Logistic. Russian private rail
transportation service provider NeftetransService (NTS) will decide on
Monday whether it will submit an offer, a company spokesperson told
Vedomosti.
05.12.2016 Vedomosti
Ferrovie dello Stato Ferrovie dello Stato (FS), Italy’s state railway network operator, will
to pursue IPO pursue with its spin-off and IPO plans regardless of the result of the 4
regardless of result December referendum, a newswire reported. Interviewed by Reuters on
in Sunday's Thursday (1 December), FS CEO Renato Mazzoncini confirmed work is
referendum ongoing to spin off the company's high-speed and long-distance trains
business before July and list at least 30% in the stock market by the
second half of next year. According to the company, the spin-off business
reports annual revenues of c.EUR 2.4bn and profit of EUR 700m.
Mazzoncini added that FS intends to expand abroad.
02.12.2016 Newswire Round-up
Fercam denies it Fercam, the private Italian logistics group, has denied that it could be
may be sold to sold to Dachser, the German logistics group, Italian-language daily
Dachser Milano Finanza reported. The report cited a Fercam spokesperson who
(translated) said that rumours on the matter were completely unfounded. The report
noted that Fercam has a turnover of over EUR 500m.
02.12.2016 Milano Finanza daily edition
Del Corona & Del Corona & Scardigli, an Italian logistics company, has been acquired
Scardigli acquired by Ravenna-based rival Tramaco, Italian- language daily Milano Finanza
by Tramaco reported. The report cited a joint press statement noting that Tramaco
(translated) had taken a majority stake in Del Corona, which operates in freight
forwarding and is based in Livorno. The report gave no financials.
02.12.2016 Milano Finanza daily editionDeal News – Transportation & Logistics
What's up in your market – a focus on deals activity, December 2016
Faiveley Transport On November 30, 2016, Wabtec Corporation [NYSE: WAB], has
acquisition finalised acquired majority ownership of Faiveley Transport S.A. [EPA: LEY],
by Wabtec for EUR after completing the purchase of the Faiveley family's stake, which
1.6bn represented about 51% of the company`s shares outstanding. Wabtec
plans to launch a tender offer for the remaining public shares in
December. The strategic combination of Wabtec and Faiveley Transport
creates one of the world's largest public rail equipment companies, with
revenues of about USD 4.2 billion and a presence in all key transit and
freight rail markets worldwide. Wabtec acquired the Faiveley family
stake for about EUR 200m in cash (EUR 100 per Faiveley Transport
share) and 6.3 million shares of Wabtec common stock (1.1524 Wabtec
common stock per Faiveley Transport share). Through the tender offer,
the public shareholders of Faiveley Transport will have the option to
receive EUR 100 per share of Faiveley Transport in cash or to exchange
their shares for 15 Wabtec common stock for 13 Faiveley Transport
shares, representing the same financial conditions as the Faiveley family.
The total purchase price is about EUR 1.6bn, including assumed debt
and net of cash acquired. Wabtec now expects to realize at least USD
50m in annual pre-tax synergies from the combination by year three.
01.12.2016 Stock Exchange Announcement(s)
Gett signs for seven- Russian lender Sberbank [MCX: SBER] today said it has signed a loan
year USD 100m loan agreement with transportation company Gett: Sberbank today
facility with announces the signing of a USD 100m seven-year venture loan
Sberbank agreement for Gett (formerly GetTaxi), a rapidly-growing global on-
demand mobility company with a presence in Russia, the US, UK and
Israel. The funds will be used to finance Gett’s continued business
expansion. Furthermore, Sberbank will hold options linked to Gett
stock. The transaction was organised by the Merchant Banking and
Advisory Department of Sberbank CIB, the corporate and investment
banking business of Sberbank, via its investment vehicle, Sberbank
Investments LLC (a 100% subsidiary of PAO Sberbank). Gett is an on-
demand mobility company available in more than 100 cities worldwide,
including Moscow, Tel-Aviv, London, and NYC. Gett’s technology
enables consumers and businesses to instantly book on-demand
transportation and delivery services. Founded in 2010, Gett quickly
expanded its offering to also serve businesses.
30.11.2016 Company Press Release*
Transports Georges Transports Georges Chenaux, a transportation services provider located
Chenaux sold to Le in Attignat, France, has been sold by founder/director Georges Chenaux,
Calvez (translated) who is retiring, to its domestic competitor Le Calvez, daily Le
Telegramme reported. The report cited the buyer's president Jean-
Jacques Le Calvez. Transports Georges Chenaux has a headcount of 102
and generates revenues of EUR 14m, the French-language piece noted.
29.11.2016 Le TelegrammeDeal News – Transportation & Logistics
What's up in your market – a focus on deals activity, December 2016
Brunswick Rail Brunswick Rail Limited (the "Company") continues to seek solutions to
shareholder its capital structure despite the present inability to reach agreement on a
committee to enter consensual transaction between the Company and the ad-hoc committee
talks on 28 representing certain holders of Brunswick Rail Finance Limited's USD
November with 600,000,000 6.50 per cent. Guaranteed Notes due 2017 (the "Notes").
highest bidder The Company was informed that, in light of the present inability to reach
a consensual transaction with the holders of the Notes, an ad-hoc
shareholders committee (the "Shareholder Committee"), comprising six
parties and representing approximately 48% of outstanding shares was
formed. As advised by the Shareholder Committee's Chairman, the
Shareholder Committee has launched a bid process, without the
involvement of the Company that requires the submission of binding
bids by investors, including any existing shareholders and creditors, who
are interested in acquiring up to 100% of the Company's equity by today.
The Company understands that the Shareholder Committee expects to
enter into negotiations with the highest bidder on 28 November 2016.
The Shareholder Committee has also been in discussions with the
committee of holders of the Notes, which represents approximately 50%
of the Notes. No agreement has been reached in the course of those
discussions. Brunswick Rail is a private railcar operating lessor
providing freight railcars to large corporate clients in Russia and
currently owns a fleet of ca. 25.8 thousand railcars.
28.11.2016 Stock Exchange Announcement(s)
Monbus hires Monbus, the privately-held Spanish passenger coach company, is up for
advisers for sale - sale, Expansion reported citing financial sources. According to the
report (translated) report, founder Raul Lopez, who holds a 66% stake and its partner bank
Abanca (34% stake) have hired advisers for the transaction, which could
be worth more than EUR 100m. Monbus focuses its operations in
Madrid and Catalonia, the Spanish-language paper said. Potential
suitors include the Spanish market leaders Alsa (National Express),
German Arriva (Deutsche Bahn) and Avanza, owned by the Mexican
group ADO. Market sources told Expansion that the sale process is
restricted.
25.11.2016 Expansion
Ferrovie dello Stato Ferrovie dello Stato (FS), an Italian railway network, is interested in
interested in acquiring a stake in Genoa Metro, the light railway transport line owned
acquiring stake in by Genoa city council, Italian-language daily Milano Finanza reported.
Genoa Metro The report cited FS CEO Renato Mazzoncini who said that FS was
(translated) interested in becoming a partner in Genoa Metro, both because the
business was in difficulty and because there were already project
financing initiatives underway. The report noted that Genoa Metro
presently operates one line but that Genoa council is looking to extend
over the next four years.
23.11.2016 Milano Finanza daily editionDeal News – Transportation & Logistics
What's up in your market – a focus on deals activity, December 2016
Hans Peter Dusch Hans Peter Dusch Transporte und Spedition [Dusch], an insolvent
Transporte und German freight company, has been acquired by local rival Eberl
Spedition acquired Internationale Spedition [Eberl]. A German-language statement said
by Eberl that the rescue deal takes effect retroactively as of 11 November 2016.
Internationale The administrator responsible for the transaction is Mikro Moellen, a
Spedition lawyer at German law firm Pluta. Dusch generated between EUR 2m and
EUR 5m revenue in 2014, according to a corporate information portal.
Family-owned Eberl generated between EUR 10m and EUR 25m
revenue in the same year.
22.11.2016 Company Press Release (Translated)
United Wagon Research and Production Corporation United Wagon Company (RPC
Company sells UWC/NPK OVK)[MOEX: UWGN], the Russian innovative railcar
Vostok 1520 to PTK, building holding company, has sold a 100% stake in its transport
plans to buy 19.9% operator Vostok 1520 LLC to Pervaya Tyazhelovesnaya Kompaniya
stake in PTK (PTK), according to a company announcement. This is the first phase of
a deal through which RPC UWC will become a shareholder in PTK, a
company created by Industrial Investors Group (IIG), the statement on
18 November said. The next phase will be the acquisition of a 19.9%
stake in PTK by RPC UWC, the holding company said. RPC UWC, as a
shareholder in PTK, will participate in the management of the company
and will continue to develop competence in operating heavy trains, the
statement said. Apart fromVostok 1520, leasing company Nitrohimprom
will also become a part of PTK. As a result of the consolidation, PTK
became the largest owner and operator of the new generation of railway
freight cars and has a fleet of more than 23,000 units, the statement
said. Russian newspaper Vedomosti reported on this development
noting that Russian investor Sergey Generalov, the founder of IIG, is
strengthening his recently formed railway business.
21.11.2016 Company Press Release (Translated)
Fastway Couriers The owners of Fastway Couriers’ master franchise in Ireland have
Ireland hires engaged Mazars to conduct a strategic review, the Irish Sunday
Mazars for strategic Independent reported. According to industry sources cited in the report,
review amid British and Irish private-equity firms are interested and the process may
appetite for sale result in a sale of the Irish transportation operation. Bobby O’Keeffe,
from PE firms - chief executive of Fastway Ireland, declined to comment on what he
report described as speculation and rumour, the item reported. Fastway’s
parent was founded in New Zealand, entered the Irish market 14 years
ago and now comprises more than 250 independent franchises in
Ireland, according to O’Keeffe. O’Keeffe announced two months ago that
the company is entering a period of rapid expansion and hopes to add a
further 100 franchises in Ireland within a year, amid strong growth in
the online retail sector, the report noted.
20.11.2016 Irish Independent on SundayDeal News – Transportation & Logistics
What's up in your market – a focus on deals activity, December 2016
ACS to sell Sintax to Actividades de Construcciones y Servicios (ACS), the Spanish
Compagnie construction-based holding, on 17 November, announced the following:
d'Affretement et de ACS, through its unit ACS Servicios y Concesiones, has reached an
Transport for EUR
55m agreement with Compagnie d’Affrètement et de Transport S.A.S (CAT)
of France to sell its entire holding of its logistics subsidiary Sintax.
Sintax has been valued at EUR 49.5m and the agreed price has been set
at EUR 55m. The deal is subject to the usual regulatory conditions.
18.11.2016 Stock Exchange Announcement (Translated)
CPPK shareholder RZD, Russia’s state-owned railway group, plans to sell its 25% stake +
RZD plans to sell its one share in Central Suburban Passenger Company (CPPK), reported
25% stake + one Russian newspaper Vedomosti. For the information the item cited RZD
share and exit Vice-President Andrey Starkov , as quoted by Interfax agency. RZD is
company planning to sell the stake and exit CPPK, through a public auction,
(translated) Starkov noted. Further details were not given.
18.11.2016 Vedomosti
Transcontainer: Russian Direct Investment Fund (RDIF) together with partners may
RDIF and partners acquire a 50% stake in TransContainer [MCX: TRCN], the Russian
consider 50% stake intermodal freight transport company, reported Russian newspaper
purchase Vedomosti. RDIF with partners are considering an acquisition of the
(translated) controlling stake in TransContainer, stated Andrei Starkov, Vice-
President of Russian state-owned railway group RZD, as quoted in the
report. According to the report, NPF Blagosostoyanie, the Russian non-
state pension fund established with RZD's participation, is discussing
the sale of a TransContainer with RDIF.
18.11.2016 Vedomosti
LogMan acquired by LogMan, an Austrian logistics specialist serving the recycling industry,
Altstoff Recycling has been acquired by local recycling group Altstoff Recycling Austria
Austria (translated) [ARA]. A German-language statement said that the deal takes effect
retroactively as of 1 November 2016. LogMan has been an official
partner of ARA for eight years. Privately owned LogMan generates EUR
4.5m annual revenue, according to a corporate information portal. ARA
generates slightly less than EUR 145m annual revenue.
18.11.2016 Company Press Release*
RZD privatisation to The privatisation of RZD will increase transparency of the state-owned
increase company Russian railway company, reported Russian newspaper Vedomosti. Igor
transparency Artemyev, Head of Russia’s Federal Antimonopoly Service (FAS), was
(translated) quoted as saying that the sale of 5%-10% stake in RZD would increase
the company transparency. The Russian Ministry of Economic
Development has recommended to include a 25% stake minus 1 share in
RZD in the privatisation plan for years 2017-2019, the report added.
17.11.2016 VedomostiDeal News – Transportation & Logistics
What's up in your market – a focus on deals activity, December 2016
Altead to sell stake Altead, the France-based integrated industrial services group, is to sell a
to L-GAM stake, of which the size was not disclosed, to L-GAM Investments SCSp,
a fund of UK-based PE company L-GAM alongside the founders Jean-
Franois Torres-Garcia and Jean-Baptiste Fedide. Altead specializes in
transport, lifting, handling and plant installation and maintenance. The
group has a headcount of 2,400 people and posted EUR 240m turnover
in 2015.
16.11.2016 Regulatory Authority Press Release (Translated)
Ferrovie dello Stato Ferrovie dello Stato has taken full control of Italian train station
takes full ownership operator Centostazioni, according to an FS press release. FS acquired the
of Centostazioni for 40% of Centostazioni from holding company Archimede 1 for EUR
EUR 65.6m 65.6m As reported, Archimede 1 is a vehicle grouping together Save,
Manutencoop, Banco Popolare and Pulitori e Affini.
16.11.2016 Company Press Release (Translated)
Maxitrans French privately-owned transportation and logistics company
purchased by Dimotrans announced on 15 November the acquisition of its local
Dimotrans competitor Maxitrans. Headed by Marc Valluche, Maxitrans generates
EUR 8m turnover with 40 staff members. The business specializes in
maritime and air transport to Northern African countries.
16.11.2016 Company Press Release (Translated)
Moscow-Kazan German companies are ready to finance the Moscow-Kazan (VSM) high
project receives speed railway infrastructure project, reported Russian newspaper
EUR 3.5bn finance Vedomosti. The German consortium, has made an offer to the Russian
offer from German state-owned railway operator RZD to finance VSM construction for an
Initiative amount of EUR 3.5bn, of which EUR 2.7bn would be loans and the
consortium remaining amount would be investments in the authorized capital, the
(translated) item reported, citing an RZD spokesperson. The direct investments,
including participation in the authorized capital and/or quasi-equity
loans could amount up to EUR 800m, reported Vedomosti, quoting the
source close to RZD. The above proposal is being examined by RZD and
the Ministry of Transport, the item went on to report. According to RZD
spokesperson, the most worked out option for the construction of the
high-speed railway involves the Chinese partners, although the
participation by a pool of other investors in the project is not ruled out.
The total cost of VSM project exceeds RUB 1.2tn (EUR 16.8bn), the
article reported. The participants of the German consortium include
Siemens, Deutsche Bahn, and Deutsche Bank, among others, said the
report.
16.11.2016 VedomostiDeal News – Transportation & Logistics What's up in your market – a focus on deals activity, December 2016 Contact Jörg Bredy Andreas Mackenstedt Moskauer Straße 19 Friedrich-Ebert-Anlage 35-37 40227 Düsseldorf 60327 Frankfurt am Main Joerg.bredy@de.pwc.com Andreas.mackenstedt@de.pwc.com Tel.: (0211) 981 2852 Tel.: (069) 95 85-5704 Legal Disclaimer: The information included in this Newsletter is only meant for general information purposes and not intended to replace consultation with respect to concrete technical advice. We accept no responsibility for any actions taken as response hereto. While we have made any attempt to ensure that the information contained in this Newsletter has been obtained and arranged with due care, we accept no responsibility for the completeness of the information. Certain references in this Newsletter provide you with further information or with pronouncements maintained by third parties over whom we have no control. We make no representations as to the completeness or any other aspect of such information or pronouncements. The Newsletter is solely meant for your information; the Newsletter or copies thereof shall not be passed in whole or in part to any third party and is not to be published or referred to in a public document, the internet or any other public media. We would like to emphasize that the special features of electronic mails incur the danger of technical problems (e.g. caused by viruses). Therefore we may not accept any responsibility for the integrity of our e-mails after they have left our sphere of control. © September 2016 www.pwc.de
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