TOUAX: Completion of the sale of the shares of Touax Solutions Modulaires by TOUAX SCA to WH Bidco SAS, a company indirectly ...
November 28 2017 - 12:00PM
PRESS RELEASE - Paris, 28 November
2017- 6 p.m.
TOUAX
YOUR OPERATIONAL
LEASING SOLUTION
Completion of the
sale of the shares of Touax Solutions Modulaires by Touax SCA to WH
Bidco, a company indirectly controlled by funds managed by TDR
Capital LLP, to occur on 8 December 2017
Completion of the sale of the
shares of Touax Solutions Modulaires SAS ("TSM") by TOUAX SCA to WH
Bidco SAS, a company indirectly controlled by funds managed by TDR
Capital LLP, (the "Transaction") to occur on 8 December 2017.
WH Bidco SAS (a company indirectly
controlled by funds managed by TDR Capital LLP) and TOUAX SCA
announce that an amendment to the share purchase agreement with
respect to the shares of TSM dated 4 August 2017 was signed today
(the "Amendment").
A mutually acceptable position was
reached on the Amendment and the enterprise value for the
Transaction is €165 million.
The Amendment irrevocably provides
for the definitive completion of the Transaction to occur on 8
December, 2017. The dispute between the parties relating to the
Transaction was also settled.
TOUAX
Group leases out tangible assets (freight railcars, river barges
and shipping-containers) on a daily basis throughout the world, for
its own account and on behalf of third party investors. With close
to €1.3 billion under management, TOUAX is one of the European
leaders in the operational leasing of this type of equipment.
TOUAX
is listed in Paris on EURONEXT - Euronext Paris Compartment C (Code
ISIN FR0000033003) and on the CAC® Small and CAC® Mid & Small
indexes and in EnterNext PEA-PME.
For
more information: www.touax.com
Contacts:
TOUAX
Fabrice & Raphaël Walewski
Managing partners
touax@touax.com
Tel: +33
(0)1 46 96 18 00
ACTIFIN
Ghislaine GASPARETTO
ggasparetto@actifin.fr
Tel: +33 (0)1 55 88 11 11
Touax - agreement with TDR on the
sale of the european modular dvision
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: TOUAX via Globenewswire
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