Waberer’s International has announced that it is initiating a strategic review of one or more of its business units as it seeks to focus on strengthening its European full-truck-load transportation business, as well as further strengthening its balance sheet.
The assets under review include the Regional Contract Logistics segment in Hungary (RCL), its transportation and logistics services in Poland (LINK) and its non-life insurance business in Hungary (WHB) already under strategic review since September 2019. The Regional Contract Logistics segment contributed 18.4% to the company’s total revenues in 2018, totalling €137.3m.
Waberer’s Board of Directors has authorised the appointment of advisors to support this review. In the event of a potential disposal of any of the business’s proceeds will be used towards deleveraging the balance sheet of the Group.
Source: Waberer’s
