World Markets

Morgan Stanley's Warwick plans to delist rail group VTG

BERLIN, Feb 25 (Reuters) - The majority shareholder of Germany's VTG, Morgan Stanley Infrastructure's Warwick Holding, said it intended a public delisting tender offer for all outstanding shares of the rail logistics company.

Remaining shareholders will be offered 53.00 euros per share in cash, Warwick said in a statement late on Sunday.

VTG's shares closed at 49.50 euros on Friday and traded at 53.00 euros in early Frankfurt trade on Monday morning.

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