Automotive

Reuters exclusively reports auto transport firm Gefco put up for sale

Reuters exclusively reported that auto transport firm Gefco has been put up for sale by owners Russian Railways and carmaker Stellantis in a deal expected to be worth more than 2 billion euros. The owners are working with JP Morgan and Rothschild on the divestiture. Stellantis remains Gefco’s main customer, accounting for roughly half of its revenue, and has already flagged that it will reduce its business with Gefco, weighing on the company’s valuation.

Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: EquitiesTransport & Logistics
Regions: Europe
Countries: Russia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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