| Code: 105590 |

TIN news:   Morgan Stanley Infrastructure is to become the largest shareholder in VTG, the Hamburg-based wagon leasing and logistics company announced on October 13.
Subject to regulatory approval, Morgan Stanley Infrastructure would pay €29/share to acquire the entire 29% stake in the company which is currently held by Andreas Goer, the founder of Ahaus-Alstätter Eisenbahn which was acquired by VTG in 2015.
Morgan Stanley Infrastructure has said it currently has no intention of acquiring 30% or more of the business. Kühne Holding owns 20% of VTG, and 10% is held by the Hamburg-based Joachim Herz Stiftung.
VTG has a fleet of more than 80 000 wagons, and also offers multi-modal and tank container logistics services. It recorded revenue of €1 027·5m and EBITDA of €336·5m in 2015.
‘I am very pleased to have Morgan Stanley Infrastructure as a strong investor with broad experience in infrastructure investments’, said Dr Heiko Fischer, Chairman of the executive board of VTG.
 
Deutsche Bahn has awarded VTG a framework contract for the provision of open wagons for use during infrastructure construction activities.

Send Comment

Latest news The most viewed news The most popular topics
Book introduction Magazine introduction Transportation weekly

Multimedia