The management of Mory Group has bought a majority holding in the French transport and logisticsfirm from investors Bridgepoint and Barclays Private Equity. Led by managing director Alain Bréau,
the management has acquired a total holding representing two-thirds of the company equity, whilethe two investment funds will retain a 33 per cent stake.The aim of the company and its owners is to float a stake in Mory Group on the stock exchange assoon as conditions are favorable. The owners stressed their confidence in the independent company’sfinancial development over the last five years. Mory Group employs 7,000 people at 150 locations.In 2004, it increased turnover 5.3 per cent to 799 million euros and had an operating profit (Ebit)of 21.7 million euros. Its main businesses are road transport, logistics and express services.
