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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, December 2017 www.pwc.de Deal News Transportation & Logistics What's up in your 19. December 2017 market – a focus Research Center on deals activity Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, December 2017 Adelantex, AD Panalpina today (19 December) announced the acquisition of Belguim- Handling to be based importing specialist companies Adelantex and AD Handling. The acquired by excerpt from the press release reads: International freight forwarding Panalpina and logistics company Panalpina is to acquire the Belgian companies Adelantex and AD Handling, specialized in the handling of perishables imports in Brussels, Liège and Ostend. The move follows similar acquisitions in Germany and the Netherlands earlier this year. This latest transaction involving Belgium’s market leader will further strengthen the Panalpina Perishables Network in Europe and the company’s global end-to-end offering for fresh produce. Panalpina will acquire the Belgian companies Adelantex NV and AD Handling NV, subject to conditions. The companies reached a respective agreement on December 18, 2017. With a presence in Brussels and Liège, Adelantex handles approximately 75,000 tons of air freight imports per year, and manages ground handling at Brussels Airport, customs clearance and the onward distribution in Europe. Adelantex was founded in 1992, originally as a road haulage company, and today is fully-owned by the company’s four directors. The companies have agreed not to disclose any financial details of the deal. 19.12.2017 Company Press Release(s) Post.Wertlogistik Oesterreichische Post, an Austrian postal group, has dismissed rumours not for sale claiming it is planning to sell its local subsidiary Post.Wertlogistik, Der (translated) Kurier reported. The German-language newspaper quoted Georg Poelzl, CEO of OePost. Poelzl said the rumours are untrue and that a sale is not even a long-term option. Post.Wertlogistik specialises in the transport of large amounts of cash. 19.12.2017 Der Kurier Belkomur Russia’s Komi Republic has decided to sell a 40.8% stake in Belkomur, shareholder Komi reported Russian newspaper Kommersant, citing an announcement of Republic looks to the ministry of property of the republic. Belkomur (White Sea-Komi- sell 40.8% stake; Urals) was established in 1996 at the initiative of the Komi Republic, to auction on 30 implement a project for the construction of railway route Arkhangelsk- January Syktyvkar-Solikamsk-Perm. The starting price for the stake is RUB (translated) 539.8m (USD 9.2m) and the auction is scheduled on 30 January 2018, the article reported. At present, the Komi Republic owns a 48.32% stake in Belkomur, a 19.81% stake belongs to the Arkhangelsk Region, and 9.42% is owned by Perm Krai. The project includes a construction of the railway with the total length of 1,161km. 18.12.2017 Kommersant Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, December 2017 TransContainer: Russia’s state-owned railway group RZD has made the first step towards RZD initiates the sale of the controlling stake in Russian intermodal container controlling stake transportation company TransContainer, planned in 2018, Kommersant sale; OTLK JV to be reported. The Russian daily referred to an RZD announcement, noting reorganized that the shareholders of joint venture enterprise United Transportation (translated) and Logistics Company (OTLK, UTLC) will separate from it the assets contributed to the JV by RZD in 2014, including a company that will own a 50% +2 shares in TransContainer. The shareholders of OTLK – RZD, Belarusian Railway and Kazakhstan Temir Zholy – at a shareholder meeting agreed to reorganise the company, RZD said in a press statement on 14 December. As a result, a new entity – AO OTLK ERA will be created, in which each of the three companies will own a 33.33% stake. The above company will be established under an asset- light model, with equal ownership, according to the statement. In addition, as a result of the reorganization, a number of subsidiaries of RZD will be established, which, in particular, will own the assets of the company previously contributing to the authorized capital of OTLK, the statement reads. Kommersant reported that OTLK was created in 2014 by RZD, Kazakhstan Temir Zholy (KTZ) and Belarusian Railway (BRzD) as a logistics company. RZD contributed in the JV the 50% +2 shares in TransContainer and 100% minus one share in RZD-Logistics, and received 99.84% stake in the joint venture, while BRzD and KTZ owned a 0.08% stake each. The paper further reported that the Russian government had agreed in principle to a plan under which the controlling stake of TransContainer should be sold to investors. The suitors for the stake, at a different time, included Ziyavudin Magomedov’s group Summa, Vladimir Lisin’s transportation group UCL Holding, Russian Direct Investment Fund (RDIF), Delo Group, and Global Ports. TransContainer has a market capitalization of RUB 64.12bn (USD 1.08bn). 15.12.2017 Kommersant Taxi Vast to be Taxi Vast, the Swedish regional taxi company, is to be acquired by its acquired by peer, Cabonline Group, according to a company press release. The deal Cabonline Group will strengthen Cabonline's position further as a leading Nordic taxi company by increasing its presence in western Sweden. The deal will include all existing operations and a fleet of 178 cars. Taxi Vast's managing director, Ingo Asplund, commented that he is pleased to have a large and professional company like Cabonline behind its future development. 15.12.2017 Company Press Release (Translated) TransContainer TransContainer, a Russian intermodal container transportation 24.5% stake company, on 13 December announced a change in its shareholding. acquired by Enisei Press release Notification of change in shareholding in PJSC Capital TransContainer On 12 December 2017, PJSC TransContainer ("TransContainer") (TRCN) was notified that Enisei Capital acquired a Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, December 2017 24.5% stake in TransContainer on 6 December 2017. TransContainer has a market capitalization of RUB 60.72bn (USD 1.03bn). The online version of Russian newspaper Vedomosti reported on this development. Enisei Capital is linked with Invest AG – an investment company of Alexander Abramov and Alexander Frolov, and Roman Abramovich’s Millhouse, a source close to one of the parties on the deal told Vedomosti. The sellers of the TransContainer stake were companies managing savings of Russian non-state pension fund NPF Blagosostoyanie, the report added. The item referred to Russian news agency Interfax, which quoted sources familiar with the transaction. NPF Blagosostoyanie was co-founded by Russian state railway group RZD. 13.12.2017 Company Press Release* Frank Norager Finnish transport company Ville Silvasti today announced the acquired by Ville acquisition of Frank Norager, a Danish family-owned business Silvasti specializing in wind power logistics. Press release (edited): The corporate acquisition makes Silvasti the largest special transport company in Northern Europe, with a turnover of nearly EUR 50m and a staff of nearly 200. The acquisition strengthens Silvasti's expertise in wind power logistics in particular, which the company has chosen as one its key focus areas. Frank Norager & Co. A/S is a family-owned business established in 1984. The company has a strong focus on the transportation of wind turbines. The company's head office is located in Fjerritslev, Denmark. The company’s turnover forecast for 2017 is EUR 26m with a staff of 125 employees. Frank Norager & Co. A/S has subsidiaries in Poland and Germany. Silvasti and Norager are among the leading special transport companies in Northern Europe, specializing particularly in special transports related to wind power plants. 13.12.2017 Company Press Release(s) Grocontinental AGRO Merchants Group, the Alpharetta, Georgia-based operator of acquired by PE- temperature-controlled warehouses, has acquired UK-based backed Agro Grocontinental Limited. AGRO, backed by private equity Oaktree Merchants Capital Management, has engaged in at least four additional acquisitions since 2016. Press release: AGRO Merchants Group, a global leader in cold storage and logistics solutions, announced today the acquisition of UK-based Grocontinental Limited. This transaction reinforces AGRO's position as the leading cold storage and logistics provider in the United Kingdom and Ireland, deepens its commodity expertise, and substantially enhances its value-added service offerings for customers. David Grocott and Linda Grocott, will continue to lead the business as Joint Managing Directors. Grocontinental operates from a purpose-built 35-acre complex with a warehouse capacity of 197,000 pallets and owned transport solutions. 11.12.2017 Company press release. Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, December 2017 Hopps Group to Dispeo, a French logistics services provider for e-commerce businesses, acquire Dispeo is to be acquired by Hopps Group, according to an announcement from the competition authority which is reviewing the transaction. Hopps Group is a holding company specializing in local delivery, services and communication set up by French businessmen Guillaume Salabert, owner of Cibleo, and Frederic Pons and Eric Paumier, owners of parcel delivery specialist parcel delivery specialist Colis Prive. Dispeo is a subsidiary of 3SI Group, a French e-commerce services provider part of German e-commerce company Otto Group. Its revenues amounted to EUR 75.8m in 2016, according to the annual account. 08.12.2017 Regulatory Authority Press Release (Translated) Keen Transport to Wallenius Wilhelmsen Logistics ASA has signed an agreement to acquire be acquired by 100% of the shares in Keen Transport, Inc. from Platinum Equity for Wallenius USD 64m, according to a stock exchange announcement.
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