Today 09/23/2016 - 05:35:23 PM
Peugeot SA 13.525€
CAC 40 4,488.69 PTS
GEFCO announces the signature of an agreement to acquire 70% of Gruppo MERCURIO SpA
GEFCO, a 100% affiliate of PSA Peugeot Citroën, signed an agreement with the Italian fund Venice, controlled by Palladio Finanziaria, and RP3 fund to acquire their 70% of the Italian Gruppo MERCURIO,
one of the leading player in transportation and distribution of vehicles in Italy and abroad. MERCURIO has a significant worldwide presence, notably in fast growing areas in Mercosur, India, South-East Asia
and Central Europe and has generated revenues of €127 million in 2010.
With this acquisition, GEFCO, European leader in transportation and logistics, will accelerate its development in outbound automotive logistic as well as the diversification of its clients portfolio and the extension of its international footprint. In addition, substantial synergies will enable GEFCO to strengthen its European network's competitivity.
The acquisition of MERCURIO is subject to, among others, the approval of the relevant antitrust authorities.