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15. July 2016 market – a focus Research Center on deals activity

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, July 2016

Ferrovie Dello Stato The Hellenic Republic Asset Development Fund (HRADF) announces Italiane declared that during today’s session, its Board of Directors unsealed the binding preferred bidder for financial offer for the sale of 100% stake in TRAINOSE SA, submitted by TRAINOSE with EUR 45m offer Ferrovie Dello Stato Italiane S.p.A. The amount of the offer price is EUR 45m. After taking into consideration the positive recommendation of the Advisers regarding the validity of the offer submitted, the two independent valuations and following the positive opinion of the Council of Experts, the Board of Directors of HRADF resolved to accept the offer and declared Ferrovie Dello Stato Italiane SpA as the preferred investor. The HRADF completes a process that began three years ago. The privatization of TRAINOSE secures not only the viability of TRAINOSE, but more importantly, its further development. Furthermore, this is an important milestone that lays the foundations for the successful closure of the European Commission state aid dossier on the debt that TRAINOSE owes to OSE, which amounts to more than EUR 700m. Ferrovie Dello Stato Italiane S.p.A. is the third largest railway company in Europe and is expected to transfuse its expertise and experience to TRAINOSE, integrating the Greek company in the pan-European rail map. The tender envelope will promptly be file to the Court of Auditors for pre-contractual review and assessment and the Share Purchase Agreement (SPA) will be signed, following the Court of Auditors’ approval. The completion of the transaction is subject to the competent authorities’ approvals.

14.07.2016 Government Press Release (edited)

Qubiqa Logistics BWB Partners and all other shareholders in Qubiqa, based in Denmark, sold to Korber has completed its sale of subsidiary Qubiqa Logistics to the international technology group Körber with headquarters in Hamburg, Germany. BWB Partners, senior executives and other shareholders, will still own the Qubiqa Group, including Qubiqa Automation. Press release: BWB Partners and all other shareholders in Qubiqa has yesterday July 12 completed its sale of subsidiary Qubiqa Logistics to the international technology group Körber with headquarters in Hamburg, Germany. Hereafter, Qubiqa Logistics becomes an integral part of Körbers’ Business Area Logistics Systems. The sale of Qubiqa Logistics follows a competitive process involving a number of potential buyers. The current Qubiqa Logistics was established in 2008, when BWB Partners bought and merged Univeyor, QLS and Jokan Service, and built a company with full focus on producing and developing logistics solutions to improve the efficiency of warehouse and distribution facilities. Part of the production now takes place in Qubiqa Poland, which will continue to be part of Qubiqa Automation.

14.07.2016 Company press release.

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, July 2016

Delo in Delo Group, the Russian transport and logistics holding, is now preparations of deal completing the preparations of the deal for the sale of a 49% stake in to sell 49% in Container Terminal NUTEP and a shareholders' agreement, NUTEP; has buys in Kommersant reported, citing Delo owner and President Sergey view (translated) Shishkarev. Until the completion of the transaction, Shishkarev is not ready to provide further comment, he told the Russian daily in an interview. At the end of March, it was revealed that Delo is preparing a sale of a 49% stake in NUTEP to a consortium comprising UAE’s DP World and the Russian Direct Investment Fund (RDIF), the report said. The partners are planning to consolidate other container assets, in the Black Sea and in as a whole, Shishkarev confirmed to Kommersant. Delo was discussing the subject with DP World, he noted. In response to a Kommersant query whether buys of other assets is being considered, Shishkarev said that currently, there are a lot of bankruptcies and interesting assets appear related to logistics platforms and storage warehouses. There are plenty to choose from, and Delo is looking at those gravitating towards ports. Kommersant reported that simultaneously with the NUTEP transaction, the group was discussing a sale of a stake in DeloPorts to Mubadala fund. These talks are suspended at least until the completion of the NUTEP transaction, Shishkarev told Kommersant. Delo does not reveal the total results of the group, the paper reported.

13.07.2016 Kommersant

Rhenus and Sankyo The Rhenus Group and Sankyo Corporation registered the joint venture create JV known as Rhenus Sankyo Logistics K.K. on 23 June. Sankyo is part of the Fujiki Group, a network of firms with more than 20 companies in Japan and worldwide. Rhenus Asia and the American Sankyo subsidiary Clearfreight have already been working together for many years. The excellent level of cooperation is now set to be expanded in the joint venture, where Rhenus holds two thirds of the shares. The joint venture will mainly handle imports and exports to and from Japan, but also provide domestic services like distribution and warehousing in the country. In addition to their individual expertise, Rhenus and Sankyo are also introducing existing Japanese business to the joint firm. “Japan is the fourth largest importer and exporter in the world. Because of its specific business culture, however, it’s difficult for foreign companies to establish a foothold in the market; so an experienced local partner is an enormous support. The Sankyo Corporation is a renowned company in Japan and will enable us to expand our Asia-Pacific network,” says Tobias Bartz, a Member of the Rhenus Board, giving the reasons for the cooperation arrangement. The companies within the Fujiki Group mainly specialise in port services, multimodal distribution services and transport operations.

12.07.2016 Company Press Release(s)

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, July 2016

AVS GSA majority Expanding rapidly in strong air freight markets in emerging economies stake acquired by like Turkey, global GSSA leader ECS Group has acquired a majority ECS Group stake in AVS GSA. The deal was signed in Singapore, one of the two regional headquarters of AVS GSA Group, on June 21, 2016,. AVS GSA Group was founded in August 2007 and has grown rapidly in the past eight years. The group’s main focus is in the growing economies of Asia with successful business model to consolidate cargo of ASEAN region using its network flights and interline with the rest of Asia, Europe & USA. The Group has its roots in Bangkok, which is the main hub for ASEAN.

12.07.2016 Company Press Release(s)

Roemaat bought by Entrepreneur Jan Paas has acquired bankrupt logistics company Jan Paas for Roemaat with an unknown investment, reported Het Financieele unknown Dagblad, citing Roemaats CEO Peter Roemaat. After a merger with investment competing logistics company Noordendorp fell through, Roemaat was (translated) declared bankrupt last week. Financial details of the deal with Jan Paas were not disclosed. According to the report, CEO Peter Roemaat and Paas will jointly lead the company. Roemaat has many clients in the east of The Netherlands, and it also owns some German trucks, added the report. The company has 120 employees and 100 remain employed with the company.

12.07.2016 Het Financieele Dagblad

Federal Freight Russian railway freight operator Federal Freight (FGK) is the most likely seen most likely buyer of UVZ-Logistic (UVZL), Russian newspaper Vedomosti reported buyer of UVZ- citing Uralvagonzavod CEO Oleg Sienko. According to Sienko, if an Logistic (translated) additional capitalisation of UVZL takes place, it will be only through a joint venture. The paper also reported that according to the CEO, the sale of UVZL is preferable to capital boost. Russian railway operator UVZL is owned by Uralvagonzavod (UVZ), the Russian state-controlled machine building corporation, as reported. FGK is part of RZD, the state-owned Russian railway group. UVZL posted RUB 12.5bn (USD 195m) revenue and RUB 43.5m net profit in 2014 in accordance with Russian accounting standards (RAS), as reported previously.

12.07.2016 Vedomosti

Biehle and Lahmer Emons, the Cologne, Germany-based logistics company, has acquired acquired by Emons domestic competitors Biehle, based in Augsburg and Lahmer Logistik, (translated) based in Saterland, DVZ reported, citing Emons spokesperson Herbert Putzmann. Family-owned Biehle has annual turnover of EUR 10m and 90 employees while Lahmer generates EUR 2.5m turnover with 40 staff. Both respective companies have been sold as part of their owners succession planning, the article said.

12.07.2016 DVZ

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, July 2016

QBuzz sale process NS, the Dutch national railways company, is looking for a buyer for started by NS QBuzz, a Dutch regional public transportation company, according to a press release posted on NS' website. Earlier, on 1 March 2016 NS announced the proposed sale of Qbuzz during the presentation of the sharpened strategy note. By divesting Qbuzz and also by not taking part in bidding on regional rail concessions in The Netherlands, NS will be able to explicitly focus on its core business in The Netherlands: better train services on the core rail network including HSL, looking after train stations and contributing to a better door-to-door travel experience. Cooperation with regional carriers and local governments will also be less complicated - as partners, rather than competitors. NS will organize a thorough and transparent sales process in the interests of all concerned. Qbuzz characteristics: With a turnover of EUR 208 million in 2015 Qbuzz is one of the largest regional public transport companies in the Netherlands. Qbuzz distinguishes itself by its innovative character and decentralized operation, whereby it can adapt well to local customer needs. Qbuzz provides services in three regions: , / Drenthe and South East Friesland. The company transports daily approximately 210,000 customers with 1,850 employees, 677 buses and 26 trams.

11.07.2016 Company Press Release(s) (Edited)

Marken sale heads Marken, the clinical trial-related logistics company exploring a sale, is for first round bids, expected to collect initial bids late this month, said a source familiar with sources say the situation and a sector advisor. On 1 July, Reuters reported Marken mandated UBS to explore a sale. The same report said the company could fetch more than USD 1bn in the event of a sale, pegging its EBITDA at around USD 100m. According to both sources, though, Marken’s EBITDA is considerably lower than USD 100m. The two sources said Marken could be valued at 10x to 12x the EUR EBITDA figures. The sector advisor said there is no other asset in the medical trials courier space with the same size and scale as Marken. FedEx (NYSE:FDX) and UPS (NYSE:UPS) were pegged as logical suitors for Marken in the Reuters report. In December 2009, Marken was acquired by private equity firm Apax Partners for around GBP 975m. Lenders that backed the 2009 buyout ultimately took control of Marken. According to Debtwire, ICG and Alcentra, Marken's biggest creditors, became majority shareholders, with a roughly 25% stake each, as a result of the restructuring. Marken did not comment on the issue.

08.07.2016 Proprietary Intelligence

Uber receives Russian lender Sberbank’s SBT Venture Fund I has invested into Uber, investment from according to a report by Russian newspaper Vedomosti. The report Sberbank's SBT quoted an announcement by the bank and Uber, the US transportation Venture Fund network company. SBT Venture Fund I participated in Uber's Series G (translated) investment round, according to the report. The value of the deal was not disclosed. Vedomosti reported that in early June, Uber received a USD Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, July 2016

3.5bn investment from Saudi Arabia's Public Investment Fund. The item also reported that other Russian investors in Uber include Alisher Usmanov’s investment fund USM Holdings, Summa Group’s owner Ziyavudin Magomedov (via Caspian VC), and LetterOne of Mikhail Fridman and his business partners. Venture Fund I is managed by MoneyTime Ventures, according to previous reports in the Russian press. The fund has capital of around USD 100m, it was also reported.

08.07.2016 Vedomosti

ROSCO HRADF, the Greek privatisation agency, is angling to relaunch the sale privatisation of state-owned rail maintenance company EESSTY (ROSCO) within two process could weeks, a source close to and a person familiar with the situation said. restart within two ROSCO failed to garner any binding bids in the earlier tender, despite an weeks extension of the deadline to 6 July. HRADF will look to launch a new process once its board approves the plan at its next meeting, the source said.

07.07.2016 Proprietary Intelligence

Groupe Jean-Claude Groupe Jean-Claude Mermet, a France-based transportation services Mermet sold to provider, has been sold to individual investors Gerard Amiel and Cecile individual investors Janique, according to an announcement from audit and financial consulting firm MG. Groupe Jean-Claude Mermet has a headcount of 120 people and generates annual revenues of circa EUR 13m.

07.07.2016 Company Press Release (Translated)

Katoen Natie takes Katoen Natie, the Antwerp-based privately held logistics group, has over Talke in acquired Talke operations in Belgium and Netherlands. A Dutch- Belgium and language press release said the deal includes Talke België NV (Kallo), Netherlands and Alfred Talke Logistic Services NV (Zwijndrecht) and Talke Nederland says it is looking for B.V (Moerdijk). Financial terms were not disclosed. Talke has a turnover opportunities in of EUR 22m and 100 employees. The vendor is German chemical Europe and beyond logistics company Alfred Talke. Concurrently, the company signalized (translated) that it is looking for opportunities to solidify its leading position in the European chemicals sector. The company is also looking to expand outside Europe through takeovers, looking for targets in the fields of storage and synthetics treatment. The company points at recent deals in Mexico and Colombia as examples of its global expansion.

07.07.2016 Company Press Release(s) (Translated)

Aras Kargo turns Aras Kargo, a Turkish logistics company, turned down Austrian Post's down Austrian offer to increase its stake in Aras Kargo, according to a report in Dunya. Post's offer The report quoted Evrim Aras, CEO and chair of Aras Kargo, as saying [translated] that the company decided to turn down Austrian Post's bid to increase its stake from 25% to 75%. Aras added that Aras Kargo is ready to buy back the 25% that Austrian Post owns. Aras noted that Aras Kargo wants to become a global brand and the past three years of partnership has Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, July 2016

shown that Austrian Post is not the most suitable partner for Aras Kargo to achieve its global vision. The CEO said that the company would have preferred to reach common ground and keep its partnership with Austrian Post to grow together, but that turned out not to be possible. Aras said that Austrian Post's offer remained much lower than Aras Kargo's market value. Austrian Post had acquired a 25% stake in Aras Kargo in 2013 and had made use of an options agreement signed back then to increase its stake by 50% in the future, as reported.

04.07.2016 Dunya

OT Logistics The shareholders of OT Logistics, the listed Polish logistics group, have shareholders do not not agreed on the company debut on the London Stock Exchange (LSE), approve listing on reported Polish newspaper Parkiet. The report quoted an outcome of the LSE (translated) shareholder meeting, which took place on Thursday (30 June). The shareholders gave negative opinion to a draft resolution for the admission and introduction to trade of all company shares on LSE. The management submitted such a resolution as it believed that cross-border operations of the company and the scale of its activities could be interesting to investors not only in Warsaw, but also other on European markets. Floating OT Logistics’ shares on LSE, via dual listing, was aimed at making it easier to foreign investors to invest in the company shares, the item reported. Parkiet has learned from undisclosed sources that a decision to list on LSE was not made as the company’s priorities have changed. The company will be developing slightly different than previously planned, and for this purpose, it will be raising funds in other ways. Further details were not given in the report.

02.07.2016 Parkiet

Loomis to divest its Loomis has entered into an agreement to divest its general cargo services general cargo to Rhenus Alpina AG. The general cargo services were acquired as part services to Rhenus of the VIA MAT acquisition in 2014. The divested operations offer Alpina international cargo services by air, sea, road and rail and is deemed none-core for Loomis. The closing date is July 1, 2016. The divested operations had an annual revenue in 2015 of CHF 57m (equivalent to SEK 499m or EUR 52.5m) and an operating income (EBITA) of CHF 1m (equivalent to SEK 9m or EUR 0.9m). The general cargo services have been reported in segment International Services. A profit on sale before tax of approximately CHF 9m (EUR 8.3m) will be realized and reported as an item affecting comparability in the third quarter of 2016.

01.07.2016 Company Press Release(s) (Edited)

Tommy Nordbergh The investment fund Accent Equity 2012 has signed an agreement to Akeri majority stake acquire a majority shareholding in Tommy Nordbergh Akeri (TNA) from bought by Accent family-owned Nordbergh Holding. Stefan Nordbergh, management and Equity the board will retain an ownership also going forward. Through the transaction, TNA will become an independent entity in the Accent Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, July 2016

Equity 2012 fund. The company’s net sales in 2015 amounted to approximately SEK 500m (EUR 53m). TNA has offered efficient and flexible transport solutions for temperature controlled goods on the Swedish market since 1963. Today, TNA is a market leading and independent supplier of temperature controlled transports to Swedish food retailers and producers. The company’s truck fleet is exclusively running on renewable biofuel.

30.06.2016 Company Press Release(s)

Nordkurier Eurotape Media Services, a Berlin, Germany-based media logistics Mediengruppe company, has been acquired by Nordkurier Mediengruppe, according to acquires Eurotape a German-language press release. Eurotape was owned by Bavaria Filmgruppe. Financial details were not disclosed. Eurotape has over 100 employees.

30.06.2016 Company Press Release (Translated)

OT Logistics signs Listed Polish logistics firm OT Logistics, on 29 June 2016, signed a conditional conditional investment agreement with STK Group for the acquisition of investment 100% stake in STK S.A. and 80% stake in Kolej Baltycka, for PLN 33.1m agreement to buy (USD 8.2m) in total, OT Logistics has announced. The price for STK S.A. STK and Kolej will be PLN 29.7m and for Kolej Baltycka shares - PLN 3.4m. The final Baltycka 80% stake purchase price may be reduced in case of a difference in size of liabilities for PLN 33.1m declared by STK Group in the agreement and on the transaction closing date, and if STK S.A. achieves additional benefits from the sale of its locomotives, the sale of which is take place until 31 December 2016. Under the deal, STK Group will acquire 91,406 shares in OT Logistics. The amount of shares is determined without regard to a resolution on the share split, which will be subject to a vote at OT Logistics General Meeting of shareholders, on 30 June. The total price for the purchase of OT Logistic’ shares by STK Group will be PLN 23.4m, which is PLN 256 per share, excluding the above resolution on the share split. The payment of PLN 23.4m by OT Logistics to STK Group will be through offsetting mutual debt. The remaining price for the shares in STK S.A. and Kolej Baltycka will be paid by OT Logistics through non-cash settlements, related with the sale of STK S.A. – owned real estate properties and its subsidiary Sordi to STK Group. The sale of these assets is part of the transaction. The deal is subject to several conditions precedent, according to the statement. STK Group undertook not to dispose of shares acquired in OT Logistics in a period of 3 years from the date of the closure of the transaction, while OT Logistics undertook not to dispose of the acquired shares to certain entities. STK and Kolej Baltycka are engaged in the rail freight transport and service of railway sidings. The companies specialise in transportation of cargoes exceeding the standard loading gauge in dimensions or weight, transportation of fuels and chemical products, and also offer transportation of any bulk cargo and containers. The annual revenues of both companies amount to around PLN 80m (USD 20m), the announcement said. The signing of Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, July 2016

the above investment agreement follows a letter of intent signed on 2 June with Partem Sp. z o.o. (former Jarpid Investment). The agreement provides for the acquisition of shares in STK and Kolej Baltycka from STK Group, which directly controls the companies, and not, as initially envisaged, the purchase of shares in STK Group from Partem.

30.06.2016 Company Press Release (Translated)

Transports Vial Transports Vial, a French family-owned transprtation services provider, purchased by has been purchased by its domestic counterpart Mousset, French news Mousset portal Atlantique Presse Information reported citing the bidder's CEO (translated) Frederic Leblanc. Transports Vial generates revenues of EUR 7.7m with 70 staff members, the report mentioned.

29.06.2016 Atlantique Presse Information

ID Logistics to ID Logistics and PE fund Corpfin Capital announced today that they acquire Logiters for have signed an agreement for ID Logistics to acquire 100% of Logiters, a EUR 85m EV leading contract logistics operator in Spain and Portugal. By acquiring Logiters, ID Logistics actively pursues its international growth strategy. The group will consolidate its leadership positions in Europe, while maintaining its model of "pure player" on the contract logistics market. Logiters manages more than 50 warehouses equivalent to m² 750,000 and employs 3,300 people for total revenues of EUR 250m in 2015. Thanks to this significant strategic acquisition, ID Logistics will enter into high growth potential new business sectors such as healthcare/ pharmaceuticals and automotive, and strengthen its leading position in core business sectors such as FMCG and retail, serving an even more diversified and prestigious client base. With Logiters, ID Logistics will broaden its skills and expertise, providing clients with shared best practices in terms of IT, engineering and with valued-added solutions such as pooling solutions. Meanwhile, the Group will expand its geographical footprint in Europe, which will account for 82% of 2015 revenues on a proforma basis. The transaction is based on an enterprise value of EUR 85m fully paid in cash. ID Logistics will keep a sound financial structure with a leverage ratio of approximately 1.2x proforma EBITDA post acquisition. The transaction remains subject to the approval of Spanish competent regulatory authorities in merger & acquisition monitoring control. Closing is expected in the course of summer 2016.

27.06.2016 Company Press Release(s) (edited)

PKP Cargo PKP Cargo and its subsidiary, PKP Cargotabor Uslugi, have withdrawn withdraws from from the conditional agreement to acquire a 99.85% stake in Orlen conditional deal to KolTrans, and part of Euronaft Trzebinia - ZCP Euronaft - from PKN buy Orlen Koltrans Orlen group. PKP Cargo announced that the decision was made on 24 and ZCP Euronaft June 2016. According to the statement, the reason is that PKP Cargo has not received a decision of the President of the Office for Competition and Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, July 2016

Consumer Protection (UOKiK), with unconditional consent for the merger through the acquisition of shares in Orlen KolTrans and ZCP Euronaft. Under the sale agreements, the deadline for the fulfilment of all conditions precedent was 16 May 2016, the filing says. Under the terms of the sale deals, if within 7 months from the date of the signing, i.e. by 16 June 2016, the parties do not reach an agreement in writing and if any of the conditions precedent is not met, each party had the right to withdraw from the deal, within 30 days of the expiry of the 7- month period from the date of signing. The decision of PKP Cargo to withdraw from the deal was preceded by a deep analysis of the merits of the transaction to acquire Orlen Koltrans and ZCP Euronaft, the company said. The decision follows identification of several risk factors for the company resulting from the execution of the agreements, in relation to the future of the market, the attitude of the social side to the ownership change, and the prolonged proceedings by UOKiK.

26.06.2016 Stock Exchange Announcement (edited)

FORTRAGROUP BLG LOGISTICS GROUP, the German logistics company, announced acquired by BLG the acqusition of FORTRAGROUP retroactively from 1 January, according to a German-language press release. FORTRAGROUP includes the logistics companies LOGFORTRA GmbH Logistic, Forwarding & Transport and INFORTRA GmbH INTERNATIONAL FORWARDING & TRANSPORT. The Niederkruechten-based group was founded by Alexander Opszalski in 1997 and has over 40 employees. Opszalski will subsequently step down from his managerial post but will remain as consultant for a period of time. The transaction, of which no financial details were disclosed, is subject to regulatory approval.

23.06.2016 Company Press Release (edited)

QTR Transport Express palletised distribution company Palletforce has acquired the acquired by UK-based delivery company QTR Transport, Insider News said, citing Palletforce Palletforce chief executive Michael Conroy. The target was founded by Paul White in 1981. The article did not disclose financial information regarding the deal. Palletforce was advised by Cattaneo and Birketts, it said.

23.06.2016 Insider News

Waberer's Mid Europa Partners ("Mid Europa"), the largest private equity firm shareholder Mid focused on Central and South Eastern Europe, announced today that it Europa to acquire has signed an agreement to increase its stake in the leading CEE road full control freight transport company Waberer's International Nyrt. ("Waberer's" or the "Company") from 56.8% currently to 97.1%. Mid Europa is acquiring the shares held by the founder and CEO, György Wáberer and acquiring full control of the Company. The transaction is subject to anti-trust clearance. Mr. Wáberer decided to retire from active participation in Waberer's after 35 successful years of building the business. As part of Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, July 2016

his retirement, Mr. Wáberer decided to sell his remaining shares in the Company to Mid Europa, his financial investor partner since 2011. In accordance with this, he will resign from all positions he currently holds in the Company. Mid Europa will continue to build on the Company's achievements over the last five years of cooperation and partnership with Mr. Wáberer, during which Mid Europa enabled and accelerated Waberer's dynamic growth and internationalization, commencing with a significant equity capital injection in 2011. Since 2010, the Company has grown its truck fleet from some 2,300 vehicles to approximately 3,500 currently, its workforce from less than 4,000 to approximately 6,000, and its revenues by c. 60% to over EUR 520m. At the same time, Waberer's has expanded its regional presence by opening sales offices in Belgium, Germany, France, Italy, the Netherlands, Poland and the UK.

22.06.2016 Company Press Release(s)

Royal Mail Royal Mail plc (RMG.L) today announces that the Spanish subsidiary of subsidiary GLS its European parcels business, General Logistics Systems (GLS), has acquires ASM acquired the Spanish express parcels delivery company ASM Transporte Transporte Urgente Urgente (ASM). The acquisition provides GLS Spain with significantly for about EUR 71m enhanced size and scale, enabling it to offer a comprehensive national and international service. GLS Spain largely operates in the export market, with international connections through the GLS network. The acquisition of ASM will strengthen its domestic offering. ASM is Spain's second biggest express parcels network, with 16 hubs and branches and more than 1,500 daily distribution routes. Operating mainly in the business-to-consumer segment, it accounts for around 10 per cent of Spain's domestic parcels market and delivered 25 million parcels last year. The total consideration is around EUR 71m. ASM generated revenue of approximately EUR 78m in the year ended 31 December 2015. Given the potential synergies, the transaction is expected to be economic profit accretive for GLS in 2018-19.

20.06.2016 Company Press Release(s)

Austrian Post Austrian Post has confirmed that it has started talks to acquire a 50% confirms talks to stake in Aras Kargo, the Turkish distributor, according to a report in buy 50% stake in Aksam. The report quoted Austrian Post executive Georg Poelzl as Aras Kargo saying that the company had signed an option agreement in 2013 to buy [translated] an additional 50% stake in Aras Kargo, and has now invoked that option. Poezl said that talks are under way, and despite all challenges, the group is expecting cargo operations in Turkey to grow. Austrian Post currently has a 25% stake in the company, and the Turkish Aras Family owns the rest.

20.06.2016 Aksam

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, July 2016

Elanders to acquire Today Elanders AB signed a contract for the acquisition of all the shares LGI for EUR 257m in the German supply chain management company LGI Logistics Group International GmbH (“LGI”), which is one of the leading players in Industrial Contract Logistics in Germany. In 2015, LGI’s net sales were around EUR 430m, its normalized EBITDA was approximately EUR 29m and it operated in ten countries, primarily in Europe with Germany as its main market. Through the acquisition, Elanders takes a major step forward in global supply chain management and the annual group net sales will increase from around SEK 4.2bn to SEK 8.3bn (EUR 448m to EUR 885.2m), while the number of employees will rise from around 3,200 to 7,200 (pro forma 2015 level). The purchase price is calculated at EUR 257m on a debt free basis. Elanders has been looking for a complement to its existing operations in Supply Chain Solutions for some time. LGI was created as an offshoot from Hewlett Packard Deutschland GmbH in 1995 and has grown considerably since. Currently LGI has more than 45 facilities worldwide, whereof 35 in Germany. In addition to Germany, the company has operations in Austria, the Czech Republic, Great Britain, Hungary, the Netherlands, Poland, Russia, Sweden and in the US. LGI is specialized in value-adding services to customers in Automotive, Electronics, Healthcare & Life Science, Industrial, as well as Fashion & Lifestyle. The company has a particular focus on product and component flows with extremely short lead times and provides everything from pure logistic solutions to comprehensive supply chain management solutions. Customers in Fashion & Lifestyle were added to the customer base in 2013 when LGI acquired ITG GmbH from Deutsche Post. As part of the financing plan, the Board of Elanders intends to propose a new issue of around SEK 600m (EUR 64m) with preferential rights for existing shareholders.

17.06.2016 Company Press Release(s) (Edited)

Axfood's Dagab Dagab Inköp & Logistik AB and Saba Logistics AB, part of Dole Food signs LoI to acquire Company, have signed a Letter of Intent under which Dagab will acquire warehouse Saba’s warehouse operation in Helsingborg, effective 1 January 2017. operation from Dole The acquisition entails that Dagab will take over all equipment and the Food's Saba warehouse’s 150 employees, and will sign a five-year lease with Saba. “This acquisition gives us a secure means of supporting the fantastic volume growth we have had in fruits and vegetables in recent years and gives us an opportunity for further growth,” comments Nicholas Pettersson, President of Dagab. “It also feels very positive to integrate the warehouse operations for fruits and vegetables within Dagab and that going forward we will have responsibility and control over the entire value chain for Axfood’s store chains.” Up until now Dagab has handled its own purchasing of fruits and vegetables a to Axfood’s Willys, Hemköp, Tempo and Axfood Snabbgross store chains, while Saba has performed the warehouse services for Dagab.s well as transports.

17.06.2016 Company Press Release(s) (Edited)

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, July 2016

Summa offers to Summa Group, the diversified Russian group controlled by businessman buy 50% plus two Ziyavudin Magomedov, has proposed to acquire 50% plus two shares in shares in the Russian intermodal freight transport company TransContainer from TransContainer the state-owned railway operator Russian Railways (RZD), reported from RZD - report Kommersant. The Russian newspaper quoted a source familiar with the (translated) situation, who revealed that in early June, Magomedov had sent a letter to RZD President Oleg Belozerov. According to the letter, Summa is ready to acquire 50% plus two shares in TransContainer that RZD owns via OTLK. The paper reported that Summa, through transportation group FESCO, holds a 24.1% stake in TransContainer. If RZD wants to retain its presence on the container market, Summa is ready to consider the possibility of selling its 50% stake in container operator Russkaya Troyka to RZD, the item reported, quoting the source. The paper added that RZD already owns a 25% + one share in the above company, while a 25% minus one share is owned by non-state pension fund NPF Blagosostoyanie, linked with RZD. Summa and RZD did not comment on the above proposal, the item reported. The market value of RZD’s stake in TransContainer stands at around RUB 21bn (USD 319.1m), the item reported citing one expert.

17.06.2016 Kommersant

FirstGroup to make FirstGroup, the listed, UK transport group, is preparing a fresh bid for fresh bid to operate the West Coast Mainline franchise, reported Press & Journal. The paper West Coast cited company sources as saying FirstGroup is readying a bid to operate Mainline and the Scotland to London services from April 2018. FirstGroup was announces JV with awarded West Coast Mainline nearly four years ago but was stripped of MTR to bid for the the franchise after a legal challenge by Virgin Rail, Group (VRG), which South Western rail continued to operate the line as Virgin Trains, a JV between VRG and franchise Stagecoach Group. Concurrently, FirstGroup announced in a press release that MTR Corporation (UK) will join the Group in a joint venture to bid for the South Western rail franchise, following the assent of the Department for Transport. According to the release, MTR Corporation (UK) will take a 30% stake in the joint venture. Both FirstGroup and MTR hold 'Pre-Qualification Questionnaire Passports' with the Department for Transport which shows that they have satisfied basic financial and other competence criteria and allows them to Express an Interest in submitting franchise bids to Government. MTR run the current London Overground concession in a joint venture with . This operation serves Clapham Junction, the busiest station on the network and a key hub for the South Western franchise. In addition, they have been selected as the operator of the new Crossrail/Elizabeth Line service and run TfL Rail services from London Liverpool Street station.

16.06.2016 The Press and Journal (UK); Company Press

Release(s) (edited) Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, July 2016

FESCO denies talks FESCO Transportation Group has denied it is in talks about the sale of about sale of its its stake in TransContainer PJSC, the Russian transportation group said stake in in a press statement today, 15 June. The ownership of this asset is a TransContainer strategic investment for the company, FESCO said. Rumors about the sale do not correspond with the reality, the statement said. Information about the talks for the sale of FESCO’s 24.17% stake in TransContainer, the Russian intermodal freight transport company, was reported earlier by Russian newspaper Vedomosti. The report, quoting various sources, named state-owned railway operator Russian Railways (RZD) as a potential buyer. The report claimed that talks are being conducted by Summa Group – the managing partner and the main shareholder of FESCO.

15.06.2016 Company Press Release (Translated)

RZD/China Yingkou The president of Russian Railways, Oleg Belozerov, and the chairman of Port Group heads the China Yingkou Port Group, Lee Hechun, have discussed cooperation, discuss Russian Railways (RZD), the state-owned Russian railway company cooperation, joint announced today, 15 June. The press release reads as follows: During his projects visit to Shanghai, the President Russian Railways Oleg Belozerov held a meeting with the Chairman of the China Yingkou Port Group Lee Hechun on 14 June 2016. The sides discussed cooperation in a number of areas, which had previously been laid down in the Memorandum of Intent signed between Russian Railways and the China Yingkou Port Group on 3 September 2015. During the meeting, the two men therefore talked about the prospects for cooperating on the development of international transit routes and transport and logistics infrastructure, as well as on joint projects in third countries. Our Chinese partners confirmed their interest in establishing a joint Russian-Chinese logistics center in the region on the basis of the Bely Rast transport and logistics centre. In order to implement the project, the parties intend to create a joint project company, which will not only carry out the project itself, but also attract investment. Several direct international container transportation routes are currently being arranged which will pass through the port of Yingkou, including Yingkou - Moscow, Yingkou - Centrolit in the Belarusia town of Gomel and Yingkou - Dobra in . By using and developing these routes, freight delivery times from China's south-eastern regions to Europe will be cut by almost half. During 2015, 17,700 Twenty-Foot Equivalent (TEU) containers were transported on the direct route from the port of Yingkou via the Manzhouli - Zabaykalsk border crossing to Russia, Belarus and Europe. In the first 4 months of 2016, the number of TEU containers transported had already reached 8,300, almost 3 times more than during the same period last year.

15.06.2016 Company Press Release(s)

Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, July 2016

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