LOGISTICS WASH Holding AG
LOGISTICS WASH Holding AG: Conclusion of a JV loan contract worth EUR20 million
LOGISTICS WASH Holding AG / Research Update 26.05.2010 13:45 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- LOGISTICS WASH HOLDING AG WKN: A0M6EP Stock exchange code: 4LW Conclusion of a JV loan contract worth EUR20 million In the past few days, LOGISTICS WASH Holding AG (WKN: A0M6EP) has concluded a JV loan contract for over EUR20 million with an investment company refinanced by Arabic investors. After having been able to gather extensive experience in the operation and further development of car washes for commercial vehicles in the past 5 years, LOGISTICS WASH will now strategically and operatively re-align its business in the coming months. As a carrier-independent service provider, LOGISTICS WASH will significantly expand its activities, capacities and locations in the field of internal silo and tank cleaning. Due to the current market situation, LOGISTICS WASH purchases existing installations, expands these, constructs new installations in strategically suitable locations, keeps these in its own portfolio and will professionally operate these through innovative partnerships. In the coming weeks, LOGISTICS WASH's first expansion step will be to purchase several existing locations for expansion and purchase plots of land to construct new locations in Germany. 26.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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