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Vossloh Closes Acquisition of Cordel Group

MT Newswires·08/13/2026 04:45:55
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04:45 AM EDT, 08/13/2026 (MT Newswires) -- Cordel Group (CRDL.L) said Thursday that its recommended cash acquisition by Vossloh (VOS.F) became effective after the court order sanctioning the deal was delivered to the UK Registrar of Companies. Under the agreement, the British rail infrastructure technology company's shareholders will receive 0.124 pound sterling in cash for each share held. Settlement is expected within 14 days. Cordel shares are expected to be delisted from the London Stock Exchange on Friday.