French PE players miss out on Gefco

French large-cap private equity players, including PAI partners and AXA Private Equity, are understood to have been bidding for the business.

RZD is set to acquire 75% of Gefco for slightly less than €1bn, according to French daily Les Echos. PSA Peugeot Citroen will hold onto the remaining 25%.

Gefco specialises in the transportation of cars – its former parent reportedly contributes to around 60% of its turnover. The company generated revenues of €3.78bn last year, up 13% year-on-year.

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• France
• Industrials
• France
• PAI Partners
• Axa Private Equity