CS Cargo starts perparing for initial public offering
CEE transport logistics specialist CS Cargo Group recently appointed investment bank JP Morgan as “strategic financial adviser” The plans of the CS Cargo Group to offer company shares at selected stock markets in Europe are starting to materialise. The parent company of the transport logistics group CS Cargo has announced the appointment of JP Morgan as “strategic financial adviser“ last week. With the support of the investment bank the private enterprise starts preparing for going public. They consider listings at the financial markets in Prague and London as well as probably in Warsaw. The implementation of the project is scheduled for the second half of the year 2011. As a preparation for going public the company group intends to increase its value in the coming months by means of several different measures. These include targeted company acquisitions to consolidate the market position in Europe and reinforce synergies in the logistics branch. Under the roof of the CS Cargo Group (Amsterdam), established in 1995, there are subsidiaries operating in eight countries in Central and Eastern Europe (Czech Republic, Slovakia, Poland, Hungary, Slovenia, Romania, Russian Federation, Germany). By providing services in the segments Road, Air and Sea, Logistics and Express the companies of the CS Cargo brand generated a turnover. Quelle: LogEastics |