The Austrian investment house Vienna Capital Partners (VCP) sold its participation in the Czech toll-operator Kapsch Telematic Services spol. s r.o.. The agreement is subject to conditions precedent and the parties expect the closing of the transaction in the coming months. The Austrian Kapsch Telematic Services GmbH, a subsidiary of the Vienna Stock Exchange listed Kapsch TrafficCom AG and majority owner to date, is the purchaser of the 48% stake and consequently future 100% shareholder of Kapsch Telematic Services spol. s r.o..
“We would like to thank Kapsch for the excellent cooperation during our joint ownership in this interesting project and wish the future sole owner continued success in the development of the company,” says Christian Riener, Managing Partner of VCP.
Source: VCP; 20160531