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Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2012 Ceske Drahy to sell 51% stake in Railreklam Freight One sees AFK Sistema and UCLH place offers to participate in auction for RZD's 25% stake - report Transports Groussard sold to Laurent Guedon Transcontainer: no plans to buy shares from miority shareholders if RZD's stake is transferred into logistic operator Czech state-owned railway operator, Ceske Drahy (CD) is preparing to sell a 51% stake in an advertising company Railreklam, wrote Mlada Fronta Dnes. The item cited CD chairman, Petr Zaluda, who said that in the future CD plans to sell its subsidiaries that do not have activities related to CD’s main business. He specified that Expiria (a subsidiary of the Slovak media group JOJ Media), which owns the remaining 49% stake in Railreklam, has the first option to buy. Zaluda said that he believes that the sale will be completed by year-end. In the same report Zaluda said that in future his company plans to sell CD-Telematika, a provider of telecommunication services for CD, in which CD holds 59% stake. 25.09.2012 Mlada Fronta Dnes AFK Sistema and UCLH have submitted offers for participation in an auction for the sale of Russian Railways (RZD)’s 25% stake in Freight One (PGK) cargo operator, Kommersant reported. The item cited sources in the railway sector, who confirmed that Russian group AKF Sistema and transportation holding UCLH were the only ones submitting offers. Under the terms set by RZD, the minimum price for the shares is RUB 45bn (USD 1.44bn). Vladimir Lisin’s UCLH already owns 75% minus 2 shares in PGK, said the report. AFK Sistema, controlled by Vladimir Yevtushenkov, confirmed to Kommersant that it submitted the application for the participation in the auction, and that by 15 October it is to place a binding offer. Kommersant reported that in early October, JPMorgan, on behalf of RZD, had sent out preliminary proposals on the sale of 25% in PGK, to large transport operators. The sources named UCLH, Sistema, Neftetransservice, and Globaltrans. 24.09.2012 Kommersant Transports Groussard, a French family-owned transportation services company, has been sold to individual investor Laurent Guedon, according to a statement from M&A advisor Cedants et Repreneurs d'Affaires which supported the buyer. Transports Groussard offers, transportation, logistics and distribution services. The company generates EUR 16m turnover with 170 employees. 21.09.2012 Company website There are no plans to buy Transcontainer’s shares from its minority shareholders, if RZD’s stake in the operator is transferred to a logistics joint venture to be formed by Russia, Belarus and Kazakhstan. Vedomosti reported this information, citing Vladimir Yakunin, the president of Russian railway group RZD (Russian Railways). RZD owns 50% + one share in Transcontainer, the Russian intermodal container transportation company. 21.09.2012 Vedomosti
Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2012 PSA Peugeot Citroen to sell 75% in GEFCO to RZD for EUR 800m, enters into exclusive negotiations for strategic partnership 2XL mandates Deloitte to look for financial partner Yusen enters the Turkish market- report PSA Peugeot Citroën announces that it has entered into exclusive negotiations with JSC Russian Railways (RZD) to form a strategic partnership to drive faster growth for GEFCO. The implementation of this strategic partnership would enable GEFCO to step up its growth by combining its strengths with those of JSC Russian Railways (RZD). The transaction follows on from GEFCO's early 2012 signature of an exclusive long-term logistics contract with PSA Peugeot Citroën's Automotive Division and a similar contract with General Motors Europe in July 2012. GEFCO, thanks to this transaction, would further enhance its geographic expansion strategy in China, India and Latin America, but also accelerate its growth in Eastern and Central Europe, particularly in Russia. The proposed partnership would also allow GEFCO to diversify its business base and contribute to the growth of its turnover, thereby creating a global leader in diversified industrial supply chain logistics. For GEFCO employees, this business development would drive strong growth in their operations in the years to come. The management team would not be changed, with Luc Nadal continuing to serve as President and the head office remaining in France. PSA Peugeot Citroën would sell a 75% interest in GEFCO for EUR 800m, after the payment by GEFCO to PSA Peugeot Citroën of EUR 100m in a special dividend. A shareholders agreement would ensure the protection of both parties’ interests as well as the sustained quality of the logistics services provided by GEFCO to the Group. PSA Peugeot Citroën and GEFCO will initiate an information and consultation process with their works councils concerning the Offer. The proposed transaction will be subject to antitrust clearance in certain jurisdictions. 20.09.2012 Company Press Release* 2XL, a Belgian logistics group, has mandated Deloitte to look for a financial partner, de Tijd wrote citing General Manager Jean Van den Poel. He confirmed that several parties already received a dossier from Deloitte but added that the process is still only a study to look how the company can at best fill their financial needs. It would also be possible to finance their future investment plans through the banks. 2XL is located in Zeebrugge and fully owned by the Van den Poel family and realized turnover of EUR 63m in 2011 with an EBITDA /turnover ratio of 13%. 20.09.2012 De Tijd Yusen, the Japanese logistics company, has become a partner in the Turkish transportation firm Catoni Hava ve Deniz Tasimacilik, according to a report in Sabah. The report noted, based on unidentified sources, that Yusen has recently formed a Turkish unit and became partners with the Turkish conglomerate Cantoni Group, through acquisition of certain holdings. 20.09.2012 Sabah
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