VTG Aktiengesellschaft acquires the wagon hire company AAE, Ahaus Alstätter Eisenbahn Holding AG. This merger enables VTG to strengthen its position as the largest private wagon hire company in Europe, with a fleet consisting of around 80,000 wagons. The main focus of the newly acquired fleet is on combined transport wagons which in turn rounds off VTG’s wagon and service range in Europe and closes a vital gap in its product portfolio.
The acquisition is to be carried out by way of VTG shares, a cash component and a vendor loan note. The VTG shares shall be issued in the form of a capital increase. Andreas Goer, the owner of AAE subscribes for 7.4 million new shares and thereby acquires 26 percent of the increased share capital of VTG. The vendor loan note amounts to approximately EUR 230 million and the cash component is EUR 15 million. On meeting certain conditions for adjustments met, VTG will pay up to EUR 3 million of additional compensation. Goer has informed VTG that he does not intend to take over VTG.
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