TOUAX : Successful completion of the sale of the shares of Touax Solutions Modulaires
December 08 2017 - 12:00PM
PRESS RELEASE - Paris, 8 December 2017
- 6 p.m.
TOUAX
YOUR OPERATIONAL
LEASING SOLUTION
Successful
completion of the sale of the shares of
Touax Solutions Modulaires
TOUAX SCA ("TOUAX") announces today that the sale of all stocks
held in Touax Solutions Modulaires SAS to WH Bidco SAS, a company
indirectly controlled by funds managed by TDR Capital LLP has been
completed at an enterprise value of €165 million. TDR Capital
manages funds which currently have the majority shareholding in
Algeco.
Fabrice and Raphael WALEWSKI, Managing Partners of
TOUAX: "This is a unique opportunity for TOUAX to
concentrate on and further develop the leasing of transportation
equipment (railcars, barges and containers) driven by the continued
growth of world trade. This transaction
immediately strengthens our Group's balance sheet and financial
capacity allowing notably investments in the container division
alongside third party investors which will be accretive for our
shareholders".
TOUAX is the largest European operating lessor of
containers and barges, and 2nd largest
European operating lessor of railcars (intermodal railcars).
TOUAX
Group leases out tangible assets (shipping-containers, freight
railcars and river barges) on a daily basis to more than 5 000
customers throughout the world, for its own account and on behalf
of third party investors. With €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 NYSE 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 - sale of the European
modular activities
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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