Announced
Financials
Tags
Acquisition
Cross Border
Germany
rail logistics
wagon hire
Railroad Equipment
Friendly
Pending
Private
Private Equity
Majority
Synopsis
Abu Dhabi Investment Authority, an investment institution, and Global Infrastructure Partners, an infrastructure investment fund, agreed to acquire a 72.55% stake in VTG, a rail logistics and freight wagon hire company, from Morgan Stanley Infrastructure Partners, a provider of investment advisory services, and Joachim Herz Stiftung, a non-profit foundation, for $5.4bn. OMERS will retain the indirect shares of 27.5%. “The growth of Europe’s rail freight market is backed by a modal shift to rail as a key enabler of the decarbonisation of supply chains. This investment in VTG aligns with our continued focus on pursuing infrastructure opportunities backed by strong energy transition-related tailwinds. For this transaction we have worked hand-in-hand with GIP, a long-standing partner, to invest in a market leading business with an established track record," Khadem AlRemeithi, ADIA Executive Director of the Infrastructure Department.
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