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15.11.2001 – 12:45

Hapag Lloyd AG

Hapag-Lloyd and VTG-LEHNKERING acquire Brambles European Rail Division
Expansion of rail freight activities

    Sydney/Hamburg (ots)

Hapag-Lloyd and VTG-LEHNKERING in
cooperation with M.M. Warburg & CO are acquiring the European rail
logistics activities of the Australian Brambles Group. VTG-LEHNKERING
will be responsible for operations management for all partners
involved. The acquisition is subject to the approval by the cartel
    The Brambles European Rail Division engages in wagon hiring and
forwarding services with about 19,000 freight rail cars of its own
and 2,400 managed units. The company has representative branches all
over Europe. In the 2000 financial year, it achieved sales of approx.
144 million euros with 160 employees. Brambles achieved sales of
approx. 74 million euros with 720 employees in four workshop
facilities in Germany, U.K. and France. Brambles Group, which is
based in Sydney and London, decided to shed these activities in the
context of a portfolio reorientation.
    For Hapag-Lloyd Group, with the acquisition rail logistics
services will become a further core business area alongside
international liner shipping. With the integration of the Brambles
rail logistics services, the group will also promote European freight
transport by rail and make it more competitive.
    VTG-LEHNKERING AG (Hamburg), whose majority shareholder is
Hapag-Lloyd AG, leases about 18,000 rail tank cars throughout Europe.
It also manages about 8,000 high-capacity freight rail cars via
Transwaggon Group. With the international rail forwarder Transpetrol
and its stake in the private railway company rail4chem,
VTG-LEHNKERING has consistently expanded its business area
"integrated rail logistics" in recent years.
    VTG-LEHNKERING also provides logistics services particularly for
the chemical and oil sectors with its own inland waterway vessels,
tank containers and tank trucks as well as tank farms and hazardous
goods stores.
ots Originaltext: Hapag Lloyd AG

Hapag-Lloyd AG,
Public Relations,
Tel.: 040 - 3001 2529

Original content of: Hapag Lloyd AG, transmitted by news aktuell

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