03.02.10
Ad hoc: Logwin AG sells Road + Rail business activities in Eastern Europe and its general cargo network in Austria
Ad hoc notification pursuant to Section 15 of the German Securities Trading Act (Wertpapierhandelsgesetz)
Grevenmacher (Luxembourg) – Logwin AG (ISIN: LU0106198319) sells the general cargo network in Austria operated by its subsidiary Logwin Road + Rail Austria GmbH and its Eastern European land transportation business activities to Augustin Network GmbH. Agreements to that effect have been executed today. Subject to cartel clearance by the competent authorities, the transactions shall be completed in the first six months of 2010. Logwin AG thereby continues the streamlining of its land transportation business activities.
Revenues of the sold business activities amounted to approximately EUR 210 million in 2009. The disposal will result in a book loss of approximately EUR 16 million and generate cash proceeds of approximately EUR 7 million.
About Logwin AG
As an external partner, Logwin AG, Grevenmacher (Luxembourg), develops a comprehensive range of logistics and service solutions for trade and industry. In 2008, the group generated sales of 2.0 billion euros and currently employs approximately 7,800 staff in 45 countries. Logwin operates in all main markets worldwide and has over 400 locations across all continents. With its three business segments Solutions (customer-oriented contract logistics), Air + Ocean (global air and ocean freight forwarding activities) and Road + Rail (land and special transportation activities in Central, Western and Eastern Europe), Logwin is one of the market leaders.
Logwin AG is listed on the Prime Standard of the Deutsche Börse. The majority shareholder is DELTON AG, Bad Homburg (Germany).
Your contact at Logwin:
Peer Brauer
Investor Relations
Tel: +352 719 690 1351
Fax: +352 719 690 1359
ir-info@logwin-logistics.com
Logwin AG | ZIR Potaschberg | 5, an de Laengten | 6776 Grevenmacher | Luxembourg
