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Long-term investment horizon fits well with business model
VTG, one of Europe’s leading wagon hire and rail logistics companies, has gained two new major shareholders. The Joachim Herz Stiftung in Hamburg will hold 10.0% of the Company’s share capital and will thereby become the third largest shareholder. In addition, the Hamburg-based bank M.M.Warburg & CO will hold 5.0% of VTG in the future.
Both shareholders have entered into purchase agreements with funds managed by Wilbur Ross who, after more than ten years, has sold a part of the existing shareholdings to the new owners. The funds recently held 35.0% of the Company. The purchase agreements will close shortly. Wilbur Ross acquired the Company from TUI AG in 2005 and listed it on the stock market in 2007.
The long-term investment horizon of both investors from Hamburg fits well with VTG’s business model.
Andreas Goer continues to hold 29.0% of the shares in VTG. According to the latest information the funds managed by Wilbur Ross will hold 20.0%, the Joachim Herz Stiftung will hold 10.0% and M.M.Warburg & CO will hold 5.0%.