DGAP-Adhoc: Aves One AG: Aves One AG acquires about 4,400 freight cars from NACCO/CIT

2018. augusztus 13., hétfő, 18:37





DGAP-Ad-hoc: Aves One AG / Key word(s): Acquisition


Aves One AG: Aves One AG acquires about 4,400 freight cars from NACCO/CIT


13-Aug-2018 / 18:37 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Aves One AG acquires about 4,400 freight cars from NACCO/CIT

Hamburg, 13. August 2018 - Aves One AG, an investor in logistics assets, has signed a purchase agreement for the acquisition of approximately 30% of NACCO Group"s freight car fleet. The acquisition is expected to be concluded, under the fulfilment of several conditions, in the second half of 2018.



In March 2018, the competent competition authority approved the acquisition by VTG AG of CIT Rail Holdings (Europe) SAS, owner of the NACCO Group, on condition that approximately 30% of the freight car stock be sold to a third party. With today"s signing of the contracts by Aves One and Wascosa a major step to comply with the competition authorities" conditions has been made.



Swiss company Wascosa will take over the management of approximately 4,400 newly acquired freight cars and rail tankers and integrate them in their fleet.



With the acquisition of the NACCO portfolio, Aves One will more than double the asset volumes of its own freight car portfolio from about EUR 240 million to over EUR 500 million. The new freight car portfolio will help significantly improve Aves One"s financial data. In the first full year after closing of the transaction, the expected yearly sales contribution will be about EUR 37 million and the expected yearly EBITDA contribution will be about EUR 28 million. The purchase price of the transaction will be carried out without any capital increase.




Contact

Aves One AG

Jürgen Bauer, Management Board

Tel.: +49 (40) 696 528 350

Fax: +49 (40) 696 528 359

E-mail ir@avesone.com




 








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Language: English
Company: Aves One AG

Große Elbstrasse 45

22767 Hamburg

Germany
Phone: 040 696528 350
Fax: 040 696528 359
E-mail: ir@avesone.com
Internet: www.avesone.com
ISIN: DE000A168114
WKN: A16811
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg, Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; London





 
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