VTG is Europe’s largest rail freight car rental company.
(Photo: VTG)
Frankfurt The Hamburg rail logistics group VTG is again facing a change of owner. US bank Morgan Stanley’s infrastructure fund, which holds 57 percent of the shares, has hired banks Goldman Sachs and Credit Agricole to review strategic options, including a possible sale, said several people familiar with the matter.
VTG could be valued at six to seven billion euros, including debt, it said. The auction is expected to start in the first quarter of 2022. But it is also possible that the minority shareholders increase their shares.
At the same time, the French state railway company SNCF and the Deutsche Bank investor DWS are preparing a sale of the locomotive rental company Akiem, which could be valued at around 2.5 billion euros, as people familiar with the matter said.
VTG, Akiem, their owners and consultants declined to comment or could not yet be reached.
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