VTG for sale?

News by WCN Editorial

German business newspaper Handelsblatt has reported that Morgan Stanley wants to sell its 57% stake in VTG AG and has appointed advisors

Morgan Stanley had built up a holding of around 30% in the Hamburg-based company before buying Klaus Michael Kühne’s 20% in 2018, and then proceeded to a takeover.

 

VTG, which has a fleet of 94,000 wagons, reported an EBITDA of around €492M  in FY2020-21. The company is Europe’s largest private railway logistics provider with three divisions – wagon leasing, rail logistics and tank container logistics.

 

It is expected that a sale, for which Goldman Sachs and Credit Agricole have been engaged as advisors, could fetch €6B-€7B, said Handelsblatt.

 

Earlier this month it was announced that VTG is selling most of its non-German tank containers interests to Suttons Group.

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Business Mergers/Acquisitions/Restructuring Multimodal Morgan Stanley Tank Containers VTG Wagon leasing

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VTG for sale? ‣ WorldCargo News

VTG for sale?

News by WCN Editorial

German business newspaper Handelsblatt has reported that Morgan Stanley wants to sell its 57% stake in VTG AG and has appointed advisors

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Register to continue reading

By registering you will have:

  • Access to all Premium content
  • Discount on selected events
  • Full access to the entire digital archive
  • 10x per year Digital Magazine

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Having problems logging in? Call +31(0)10 280 1000 or send an email to customerdesk@worldcargonews.com.
Business Mergers/Acquisitions/Restructuring Multimodal Morgan Stanley Tank Containers VTG Wagon leasing

Related articles

New TMS for Hoyer

 News

Liquid bulk logistics specialist HOYER has opted to build a new next generation TMS.

Tin can innovator moves on

 News

Reginald Lee, a founding member of the International Tank Container Organisation and its president for more than 13 years, is retiring at the end of the year.

HGK Shipping to purchase Köppen’s tank containers business

 News

HGK Shipping, which is Europe’s largest inland waterways shipping company, is acquiring the tank container business of Köppen GmbH, which is a leading provider of inland and intermodal transport services for the chemical industry.