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Press Lounge

HOYER purchases 20 percent share in InterBulk

January 2010

Hamburg – At the end of December, the HOYER Group, Hamburg, signed a share purchase agreement (SPA) with a number of shareholders of InterBulk Group plc, which is listed on the London AIM market. These shareholders represent a stake of about 20 percent in InterBulk.

InterBulk offers a full range of services including dry bulk logistics, liquid bulk logistics and tank containers, operating worldwide. In numbers: 7,600 tankcontainers, 11,200 boxcontainers, turnover in the year ended 30 September 2009 GBP 232 m. 

For HOYER this is an opportunity to buy a stake in a global player in the international bulk logistics market, as InterBulk is a company with an excellent position in chemical logistics, a leading role in intermodal operations and a respected management team.

“We have a common interest with InterBulk in chemical logistics, particularly tank containers for liquid bulk products”, said HOYER CEO Ortwin Nast. “We became aware that there were shareholders in InterBulk who would like to sell and so we seized the opportunity.” 

“Buying this 20 percent stake is a very attractive investment, from our point of view. We believe in the attractiveness of this market and its prospects. We will be a supportive and responsible shareholder” adds HOYER CFO Gerd Peters.

The SPA is conditional on and subject to the approval of the German Federal Cartel Office. In legal terms, the transaction will be completed once the Cartel Office has given its final approval.

HOYER, with its head office in Hamburg, is one of the leading bulk logistics service providers on a global basis and an international partner to the chemical, mineral oil, gas and foodstuff industries. Founded in 1946, the family-owned company currently operates in more than 80 countries, generating a turnover of EUR 987 million with its 5,400 employees in 2008.

Contact:
Sylvelin Reif - Head of Corporate Center Marketing
HOYER GmbH, Wendenstrasse 414 - 424, 20537 Hamburg
Phone:  +49 40 21044 - 416, Fax: +49 40 21044 - 455
www.hoyer-group.com, sylvelin.reif@hoyer-group.com

PS: Illustration is available at www.hoyer-group.com/service and contact/photo gallery