[ Danzas Sells Participation in Cargowaggon ]

Danzas, one of the world’s leading freight forwarding and logistics
groups, sells its participation of 50% in Cargowaggon GmbH, Germany,
including the railway waggons used by Cargowaggon to GE Capital
Railcar Services, a subsidiary of the American General Electric
group. GE also takes over the 50% share in Cargowaggon GmbH so far
held by Brambles industries Limited. The parties have agreed not to
disclose the conditions of the transaction.
This sale is related to the concentration of Danzas on its core
business freight forwarding and logistics. In addition, the
divestment of own assets increases the flexibility in the supply of
logistics services.
Peter Wagner, Chief Executive Officer, points out:”Rail transport is
an important part of the services we offer. Danzas Railcargo is one
of the most important suppliers in the area of rail freight as well
as in the combined transport in Europe. We shall continue to use and
promote such mode of transportation.”