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Deal News Transportation & Logistics What's up in Your Market Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, August 2014 www.pwc.de Deal News Transportation & Logistics What's up in your 15. August 2014 market – a focus Research Center on deals activity Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, August 2014 CS Conti-Service Lando, the German logistics company, has acquired a 50% stake in 50% stake acquired Hamburg-based peer CS Conti-Service Internationale Spedition, DVZ by Lando reported, citing a company statement. The article did not supply any (translated) financial details. 13.08.2014 DVZ PKP Cargo aims to PKP Cargo, a listed Polish rail cargo company, is in talks to buy Polish close several and other European logistics operators before the end of 2014, acquisitions by the spokesperson Miroslaw Kuk said. "We are focusing especially on areas end of 2014 where we are not yet very active," Kuk said. PKP Cargo operates individual services in eight European countries: Austria, Belgium, the Czech Republic, Germany, Hungary, Lithuania, the Netherlands and Slovakia. Kuk did not say which countries were being targeted for acquisitions. PKP Cargo will use its financial surplus to fund acquisitions but has no fixed acquisition budget. The company is also weighing up a number of other possibilities to finance planned acquisitions, with external finance also likely. As part of a consortium with Polish coal trader Weglokoks, PKP Cargo is in talks to buy Port Gdanski Eksploatacja (PGE), the major cargo operator at the Port of Gdansk, Kuk confirmed. "The possible purchase of PGE will expand our logistics competencies, which is crucial, as the role of Polish docks and harbors is increasing," Kuk said. The owner of PGE, Port of Gdansk Authority, will decide which potential buyers will go ahead with due diligence later this year from a shortlist including Rhenus Port Logistics, Morski Terminal Masowy Gdynia, Erontrans and Malta-based Mariner Capital Limited. 13.08.2014 Proprietary Intelligence Mechel in talks with Mechel, the Russian listed metals and mining group, is in talks with the RZD on sale of Ulak- state-owned railway operator RZD on the sale of its Ulak-Elga railway, Elga railway - report reported Vedomosti, citing a source close to Mechel. Ulak-Elga railway (translated) provides railway access to Mechel’s Elga coking coal deposit, the Russian daily reported. Last week, Russia's Ministry of Finance, Federal Tariff Service, Mechel’s creditor banks, RZD and Mechel resumed talks on the sale of Ulak-Elga to RZD, the paper reported citing five participants of a special meeting held by the Ministry of Finance. Mechel’s creditor banks could provide funds to RZD for the purchase, and then Mechel would repay part of its debts using money received from RZD, according to the sources. Among Mechel’s creditors are Russian lenders Sberbank, VTB, and Gazprombank, said the report. The price for Ulak-Elga, of RUB 71bn (USD 1.96bn), is actually the cost of Mechel for the construction of the railway, one of the sources told Vedomosti. 13.08.2014 Vedomosti Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, August 2014 Aegeus Transport Maritime Group Limited has acquired Aegeus Transport Limited - the acquired by holding company for Roadways Container Logistics Limited, Maritime Group (Roadways). The acquisition includes the entire company, employees and assets of Roadways, the fourth largest container transport company in the UK. "This is an exciting and strategic move and a really excellent fit with Maritime. Altogether the combined business will provide much greater scale, scope and services for customers," said John Williams, Group Managing Director. The deal includes 374 employees, a fleet of 241 vehicles, sites at Hainault, Felixstowe, Leeds, Manchester, Nursling in Southampton and the company's state-of-the-art Birmingham Intermodal Freight Terminal (BIFT) at Birch Coppice in Tamworth. The combined business will operate a fleet of over 1,300 vehicles and a transport and storage network with Railports at Tamworth and Tilbury and depots at every major gateway and consumer conurbation. 11.08.2014 Company Press Release(s) Ferrovie dello Stato Ferrovie dello Stato, Italy's state-owned railway operator, is working on working on IPO; the IPO plans, reported Italian language daily Il Messaggero and most of could issue bond the Italian press quoting chief executive Michele Mario Elia. He was quoted as saying that chairman Marcello Messori is in charge of the project. Elia did not want to give a timeline. When asked about launching a bond, Elia said this could be a possibility depending on company requirements. Ferrovie has already issued EUR 1.35bn bonds as part of a EUR 4.5bn programme. 07.08.2014 Il Messaggero Transoil plans to Transoil, the Russian, Gennady Timchenko-controlled rail operator buy 100% of specializing in the transport of oil and petroleum products, plans to Neftetransport, files acquire a 100% stake in peer Neftetransport, reported Kommersant. application to FAS Transoil has confirmed to Kommersant that it has filed an application to (translated) Russian antitrust regulator FAS to acquire a 100% stake in Neftetransport. The Russian daily learned from FAS that the application was filed on 30 July. Experts value Neftetransport at RUB 4.5bn (USD 124.7m), the item reported. 06.08.2014 Kommersant Esas Holding and Esas Holding and Actera Group, the investment firms, have reached an Actera reach agreement to buy Turkish freight company UN Ro-Ro, according to a agreement to buy report in Dunya. The report noted, based on an official announcement Un Ro-Ro from KKR by Esas and Actera, that the parties have reached an agreement on 1 [translated] August with KKR to buy UN Ro-Ro. The financial details and conditions of the sale were not disclosed. Morgan Stanley advised Esas and Actera on the deal. KKR had bought a 97.6% stake in Un Ro-Ro for EUR 910m in 2007. Previously, on August 4th, DFDS said that it will no longer be part of the sales process. 05.08.2014 Dunya; Company Press Release(s) Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, August 2014 Izletnik Celje puts Izletnik Celje, a privately owned Slovenian travel agency, has put up for Viator & Vektor sale its 100% stake in transportation company Viator & Vektor Romania, Romania up for sale Wall-Street reported. The Romanian language daily cited a company (translated) announcement that said potential investors should send their letters of interest by 8 August. Viator & Vektor Romania generated a turnover of RN 58.8m (EUR 13.3m) last year with 140 employees and 100 trucks, according to the report. A separate report by the Slovenian language daily Dnevnik noted that Izletnik acquired the Romanian company from Viator & Vektor Logistics in 2010, before the latter’s bankruptcy. Though Viator & Vektor Logistics’ liquidator sued Izletnik for abuse of authority and defrauding creditors, a Slovenian high court rejected the complaint a few days ago, the report said. 04.08.2014 Wall-Street; Dnevnik RZD and Sistema- Russian state railway operator RZD and Sistema-Service, the Service to sell 25% shareholders of RZD–Razvitie Vokzalov (RZD-RV), by the end of August plus one share in are expected to agree to sell 25% plus one share in RZD-RV to Russian RZD-RV to RIA investment agency RIA, Kommersant reported. The Russian-language (translated) daily cited information obtained from RZD and RIA. RIA is controlled by the Ministry of Regional Development (Minergion). Kommersant learned from DZhV, a subsidiary of RZD, that the transaction could be valued at RUB 673m (USD 18.8m). The report said that RZD had changed its method of attracting investors for the development of its railway stations, abandoning the idea to lease them. Instead, RIA will buy a blocking stake in RZD-RV, the report noted. RIA President Yuri Spiridonov told Kommersant that the agency is ready to raise at least USD 10bn for the development of the transport hubs and modernization o that this figure could be increased to USD 100bn. The funding would come from investment funds that RIA is current holding talks with from China, India, Singapore, Kuwait, UAE, Bahrain, South Korea and Japan, Spiridonov confirmed. According to Spiridonov, private and public funds from China and Singapore, as well as construction holdings in Turkey, such as Gamma Holding, have expressed interest in the project, the report said. The pool of investors should be determined in August. A joint venture will be formed, and a ten-year contract will be signed with each of the investors, the report noted. 04.08.2014 Kommersant Norbert Norbert Dentressangle and the private equity firm Oak Hill Capital Dentressangle and Partners announced today that they have signed an agreement to Oak Hill Capital to acquire all the shares of the U.S. logistics and transport company acquire Jacobson Jacobson. The transaction is valued at USD 750m (EUR 560m) in cash for USD 750m plus on a debt-free and cash-free basis, plus a capped earn-out relating to potential earn-out future performance. The acquisition will be financed through a combination of Norbert Dentressangle reserves and available credit lines. The deal, which is expected to close mid-September 2014, is subject to regulatory approvals. Founded in 1968 and headquartered in Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, August 2014 Des Moines, IA, Jacobson is one of the largest value-added warehousing 3PL provider in North America with integrated domestic transportation management capabilities, with annual turnover of approximately USD 800m in 2013, 9.5% EBITDA margin and 5,500 employees.
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