EUROPE: Rhenus Group expects regulatory approval in mid-February for a deal to acquire a 50·1% stake in Swiss trans-Alpine operator Crossrail AG for an undisclosed price.
Current shareholders LKW Walter, Hupac, Le Jeune Capital Partners, Bertschi and MSC will continue to maintain holdings, and the Crossrail management team and the name will remain unchanged.
‘As a family-managed business, Rhenus offers us a stable and reliable basis for long-term growth’, said Crossrail CEO Jeroen Le Jeune when the agreement was signed in December. ‘With its experience in industry, its multi-modal capacity and its network involving all modes of transport, we believe that we’ll be able to work together in a profitable manner. Working together, we’d like to consolidate road, waterway and railway services to an even greater degree.’