Morgan Stanley Infrastructure new major shareholder in VTG Aktiengesellschaft

Hamburg, 12. October 2016

VTG Aktiengesellschaft (WKN: VTG999), one of Europe's leading wagon hire and rail logistics companies, has gained a new major shareholder. Morgan Stanley Infrastructure has communicated that it will hold 29 percent of the company’s share capital and will thereby become the company’s largest shareholder. Andreas Goer, founder of AAE (Ahaus-Alstätter Eisenbahn) which was acquired by VTG AG in 2015, sold all of his shares at a price of 29 Euro per share.

"I am very pleased to have Morgan Stanley Infrastructure as a strong investor with broad experience in infrastructure investments," notes Dr. Heiko Fischer, Chairman of the Executive Board of VTG Aktiengesellschaft, commenting on this development.

Morgan Stanley Infrastructure informed VTG AG that there is currently no intention to acquire 30 percent or more of VTG AG.

Andreas Goer sold his entire shareholding at a price of 29 Euro per share. The closing of the share purchase agreement is subject to the approval by the cartel authorities.

VTG's new shareholder structure

Morgan Stanley Infrastructure’s share purchase will make it VTG's largest shareholder, before Kühne Holding AG, which owns 20 percent of the company's shares. A further ten percent are held by the Hamburg-based Joachim Herz Stiftung.


About VTG:

VTG Aktiengesellschaft is one of Europe’s leading wagon hire and rail logistics companies, with a fleet consisting of more than 80,000 railcars. VTG offers a full-range service, providing tank cars, intermodal wagons, standard freight wagons and sliding wall wagons. In addition to the hiring of wagons, the Group offers comprehensive multi-modal logistics services, mainly around rail transport, and global tank container transports.

With the combination of its three interlinked divisions Railcar, Rail Logistics and Tank Container Logistics, VTG offers its customers a high-performance platform for international transport of their freight. The Group has many years of experience and specific expertise, in particular in the transport of liquid and sensitive goods. Its customers include numerous well-known companies from almost every industrial sector, for example the chemical, petroleum, automotive, paper and agricultural industries.

In the financial year 2015, VTG generated revenue of EUR 1,027.5 million and operating profit (EBITDA) of EUR 336.5 million. Via its subsidiaries and affiliates the company, which has its head office in Hamburg, is mainly present in Europe, North America, Russia and Asia. As at 31 December 2015, VTG had 1,445 employees worldwide in consolidated companies. VTG AG is listed on the official Prime Standard market of the Frankfurt Stock Exchange and also on the SDAX (WKN: VTG999).



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