Independent journal on economy and transport policy
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Interest of Russian Railways to the acquisition of the control of logistic group GEFCO
PSA Peugeot Citroën has recently manifested the will to open the capital of the company to new investor
September 5, 2012
The railway group Russian Railways (JSCo RZD) would be interested to acquire 75% of the capital stock of logistic company French GEFCO. It has revealed the Reuters news agency and the indiscretion is confirmed by the Russian daily paper “Kommersant”, second which group RZD could participate to a contest for the purchase of the titles that could be under way in the next few days and that it would presee offered for sale of a two third party of the capital for a equivalent value until almost billion of euro.
Automotive house French PSA Peugeot Citroën, than currently possesses the entire capital stock of the GEFCO, has recently manifested the will to open the capital to new investor in the within of own plan of cession of activity. According to the indiscretions, in the slid months the transalpine automotive house would have asked Russian Railways to manifest an eventual interest to obtain a participation in GEFCO, investment that would be estimated positively in a relationship which examined from the board of directors of the Russian railway group, that it has between its objectives that to develop own logistic activities.
According to Reuters, between the potential Peugeot purchasers it would have defined a shortlist in which they among other things figure the societies of private equities Gores Group, Platinum Equity and PAIRS and a consortium formed from the societies of private Private equities CVC and AXA Equity.
Last year GEFCO has totaled revenues in order almost 3,8 billion euros recording an operating profit record of 223 million euros ( of 4 April 2012). The logistic group is present in 32 nations with beyond attached ten thousands.
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The railway group Russian Railways (JSCo RZD) would be interested to acquire 75% of the capital stock of logistic company French GEFCO. It has revealed the Reuters news agency and the indiscretion is confirmed by the Russian daily paper “Kommersant”, second which group RZD could participate to a contest for the purchase of the titles that could be under way in the next few days and that it would presee offered for sale of a two third party of the capital for a equivalent value until almost billion of euro.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
