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BRIEF-Greenbrier-Astra Rail formed in Europe-based merger between Greenbrier Europe and Astra Rail
October 13, 2016 / 10:27 AM / a year ago

BRIEF-Greenbrier-Astra Rail formed in Europe-based merger between Greenbrier Europe and Astra Rail

Oct 13 (Reuters) - Greenbrier Companies Inc

* Greenbrier-Astra Rail formed in Europe-based merger between Greenbrier Europe and Astra Rail

* Co, Astra Rail management GMBH announced plans to form a new company, Greenbrier-Astra Rail

* Expects transaction to be accretive to earnings per share by end of fiscal year 2017

* Greenbrier-Astra Rail will be led by an experienced Europe-based management team from both companies

* Greenbrier expects transaction to be accretive to earnings per share by end of fiscal year 2017

* Greenbrier companies - as partial consideration for majority interest, Co to pay Astra Rail eur 30 million at closing, eur 30 million 12 months after closing

* Greenbrier-Astra Rail will be controlled by greenbrier with an approximate 75% interest

* Astra Rail’s chairman Thomas Manns will own remainder of new company

* Greenbrier-Astra Rail will include all European operations of Greenbrier And Astra Rail Source text for Eikon: Further company coverage:

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