Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014
Mutares submits binding offer and plans acquisition of a logistics subsidiary of ÖBB
Munich, 18. Oktober 2019 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) today made a notarized, binding offer through a subsidiary to acquire the business of Q Logistics GmbH, a logistics subsidiary of Oesterreichische Bundesbahnen – Holding Aktiengesellschaft (ÖBB), including the Q Logistics subsidiary in the Czech Republic.
Q Logistics is a provider of cross-border transport logistics and warehousing services with several locations in Austria. The company trades general cargo, chartered goods and serves customers from various industries, including the food, pharmaceutical and fast-moving consumer goods (FMCG) industries. In fiscal year 2018, Q Logistics had consolidated total sales (including a subsidiary in the Czech Republic) of around EUR 250 million and a total workforce of approx. 920 employees.
The transaction still requires corresponding committee resolutions on the part of the seller, which are expected to be passed by the end of the month at the latest, as well as the acceptance of the notarized, binding offer by the seller. Mutares has reason to believe and assumes that the relevant bodies will give the seller their outstanding approval and that the transaction will be successfully completed thereafter