Allen & Overy LLP advises Mr. Andreas Goer on the sale of his 29% shareholding in listed VTG Aktiengesellschaft, Hamburg ("VTG")

With the assistance of Allen & Overy, Mr. Andreas Goer sells his 29% shareholding in VTG to Morgan Stanley Infrastructure for a purchase price of EUR 29 per share, i.e. for nearly EUR 242 million in total. SDAX-listed VTG is the largest private wagon hire company in Europe.

Consummation of the transaction is pending, subject, inter alia, to clearance by the cartel authorities.

The majority of the shares in VTG which are now sold had been acquired by Mr. Goer in 2014 when he sold to VTG – also with the assistance of Allen & Overy – all shares in Ahaus Alstätter Eisenbahn Holding AG, Baar, Switzerland, a company established by him.

The Allen & Overy team was led by partner Dr. Hans-Christoph Ihrig and counsel Dr. Andre Wandt and comprised Dr. Matthias Horn (all corporate), Dr. Asmus Mihm (tax), Dr. Benedikt Burger (litigation/arbitration, all Frankfurt), Dr. Ellen Braun (antitrust, Hamburg), counsel Nikolai Sokolov and senior associate Dr. Katharina Stüber (both corporate) as well as associates Gunnar Harlacher (tax, all Frankfurt) and Dr. Lukas Rengier (antitrust, Hamburg).

ADB Altorfer Duss & Beilstein, Zurich, namely partner Dr. Andreas Helbing, advised on Swiss tax law.

VTG is one of Europe's leading wagon hire and rail logistics companies. Globally, the fleet consists of more than 80,000 railcars, with a focus on tank cars and state-of-the-art high-capacity freight cars and flat cars.  In the 2015 financial year, VTG generated revenue of more than EUR 1,027.5 million and an EBITDA of almost EUR 336.5 million.