Neumarkt, Germany, 7 July 2011 – RAIL.ONE GmbH has a new ownership structure since the beginning of July. The comprehensive financial reorganization of the RAIL.ONE Group is now completed.
A group of prior creditors led by DAM Capital Management Sarl., a subsidiary of Anschutz Corp. (Denver, USA), now forms the new ownership structure of the RAIL.ONE Group. An important component in the financial reorganization was that some of the creditors of the RAIL.ONE Group waived their claims, and in return received shares in the company. "This adjustment to the financing borne by all creditors, and the recently completed organizational restructuring, make it possible for us to clearly and vigorously shape the future once again," says Jochen Riepl, Chief Financial Officer of RAIL.ONE, about the agreement. "At the same time, the new ownership structure considerably strengthens the company."
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About the PCM RAIL.ONE Group
The PCM RAIL.ONE Group has been manufacturing concrete sleepers and track systems for urban transit and long-distance rail transportation for over 60 years. The technology leader also offers its expertise in the fields of engineering and plant construction. Its customer-driven innovations fulfill the highest quality standards and are installed around the world
The PCM RAIL.ONE Group is comprised of several companies and eleven production facilities with a presence in Germany, Romania, Saudi Arabia, Spain, South Korea, Hungary, Turkey, the United States, and India. It maintains annual capacities of over 5 million track sleepers and 750,000 linear meters of turnout sleepers.