Financial restructuring and sale of Helogistics to Ferrexpo
Altium acted as exclusive financial adviser to Helogistics on its financial restructuring and sale to Ferrexpo
- The business activities of Helogistics, the holding company for DDSG and Marhart, cover the transport of commodities as well as semi-finished and ready-made goods along the 3.5km long waterway between Rotterdam and the Black Sea; in the dry-bulk goods segment the majority of goods transported are commodities, mainly iron ore and grains.
- Ferrexpo is a Swiss headquartered publicly listed resources company with assets in Ukraine, principally involved in the production and export of iron ore pellets used in steel production.
- Ferrexpo entered into an agreement to acquire 100% of the share capital of Helogistics Holdings GmbH and to acquire the existing bank debt of Helogistics, which has a face value of €72.1 million, for €28.5 million cash.
- Altium advised Helogistics on all aspects of the transaction, which involved negotiations with Ferrexpo and the existing banking partners.
For further information on this transaction please contact Alexander Grünwald
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