Gefco is a car industry logistics company that was fully controlled by PSA until 2012. It then sold a 75% stake to Russian Railway RZD and the two have now published the prospectus to list Gefco shares. PSA intends to reduce its stake to below 10% and RZD to below 50%.
Gefco’s revenue increased by 2.7% annually from 2011 through to 2017 thus reaching €4.44bn. The divisional EBIT margin was 5.9% in PSA’s 2011 accounts and it was 3.1% in 2017.
The potential 2019 listing on Euronext Paris will d ....
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PSA intends to reduce its Gefco stake to below 10%
- Published:
21 Dec 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
Gefco is a car industry logistics company that was fully controlled by PSA until 2012. It then sold a 75% stake to Russian Railway RZD and the two have now published the prospectus to list Gefco shares. PSA intends to reduce its stake to below 10% and RZD to below 50%.
Gefco’s revenue increased by 2.7% annually from 2011 through to 2017 thus reaching €4.44bn. The divisional EBIT margin was 5.9% in PSA’s 2011 accounts and it was 3.1% in 2017.
The potential 2019 listing on Euronext Paris will d ....