Slaughter and May advised VTG on acquisition of NACCO Group

Slaughter and May, working as an integrated team with Hengeler Mueller in Germany and Bredin Prat in France, advised VTG, one of the leading railcar leasing and rail logistics companies in Europe, on the acquisition of NACCO Group.

NACCO, headquartered in Paris, is the former European rail leasing business of New York based financial holding company CIT Group. The transaction was subject to the German Federal Cartel Office and the Austrian Antitrust Authorities who cleared the acquisition with the condition that NACCO must first divest around 30% of its business.