DGAP-News: Aves One expands rail portfolio by around EUR 110 million through fixed acquisitions
|
DGAP-News: Aves One AG
/ Key word(s): Acquisition
Corporate News Aves One expands rail portfolio by around EUR 110 million through acquisitions already fixed in Q1 Hamburg, 21 February 2020 - Aves One AG, a strongly growing logistics asset holder, is further expanding its rail portfolio. In the first weeks of the current fiscal year 2020, the volume of fixed deliveries has further increased to a total of around EUR 110 million, 85 percent of which are new cars. A large number of these freight cars ordered are to be delivered this year. This increases the rail segment's asset portfolio, including the deliveries currently fixed, to more than 11,100 freight and tank cars. The total volume of the rail segment will thus increase to around EUR 750 million as of today. These rail acquisitions are almost fully let. The asset management of the portfolio is handled by Wascosa, Lucerne, and ERR European Rail Rent, Duisburg. Jürgen Bauer, CEO of Aves One AG, comments: "The number of new orders show that our company continues to grow strongly in the rail segment, especially with new wagons. We are thus maintaining our growth rate at a high level. We are consistently pursuing our declared focus on rail investments". About Aves One AG Aves One AG is a strongly growing holder of long-life logistics assets with a focus on freight cars. The portfolio also includes containers and swap bodies. The company plans to increase the value of its assets to more than EUR 1 billion by the end of 2019. With a young, profitable freight car portfolio, Aves One is one of the leading holders of rail logistics assets in Europe. The strategy is geared to constant optimization of Aves One's stock and further expansion of the logistics portfolio. Based in Hamburg, Aves One AG is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange (ISIN: DE000A168114; WKN: A16811). Further information
21.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Aves One AG |
| Große Elbstrasse 61 | |
| 22767 Hamburg | |
| Germany | |
| Phone: | 040 696528 350 |
| Fax: | 040 696528 359 |
| E-mail: | [email protected] |
| Internet: | www.avesone.com |
| ISIN: | DE000A168114 |
| WKN: | A16811 |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg, Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; London |
| EQS News ID: | 980611 |
| End of News | DGAP News Service |
|
|
980611 21.02.2020
