France Deals Review

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Vossloh’s Sateba acquisition, review and refinancing milestones

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French rail competitionVossloh’s Sateba acquisition, review and refinancing milestones
  1. 31 July 2024
    Vossloh announces an agreement

    Its French subsidiary had signed an agreement with Sateba’s owner, subject to consultation and approvals. Source 1

  2. 12 June 2025
    French notification

    Vossloh notified the Autorité of its plan to take exclusive control. Source 2

  3. 29 September 2025
    French clearance

    The Autorité accepted a five-year supply commitment in its Phase 1 review. Source 2

  4. 1 October 2025
    Deal closes

    Vossloh reported that it acquired Sateba for around EUR 450 million. Source 3

  5. 28 November 2025
    First refinancing disbursement

    New notes replaced the bridge financing and a large part of the long-term loan. Source 4

French clearance came on 29 September 2025. The transaction closed two days later.

Source 1 Source 2 Source 3 Source 4

Vossloh’s Sateba acquisition, review and refinancing milestones

The company disclosures cover transaction terms and financing. The Autorité de la concurrence decision records the scope of the French remedy.

5 records
Source
31 July 2024Vossloh announces an agreementIts French subsidiary had signed an agreement with Sateba’s owner, subject to consultation and approvals.Source 1
12 June 2025French notificationVossloh notified the Autorité of its plan to take exclusive control.Source 2
29 September 2025French clearanceThe Autorité accepted a five-year supply commitment in its Phase 1 review.Source 2
1 October 2025Deal closesVossloh reported that it acquired Sateba for around EUR 450 million.Source 3
28 November 2025First refinancing disbursementNew notes replaced the bridge financing and a large part of the long-term loan.Source 4

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