euro adhoc: AvW Invest AG
other
AvW further increases its stake in S&T
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
01.10.2007
AvW has increased its stake in the Austrian IT company S&T to a total of 26 per cent, with AvW Invest AG holding 20.23 per cent and the AvW Group 5.77 per cent. "The IT market world wide is currently in a strong growth phase. S&T is already one of the big players in Austria and eastern Europe, and is enjoying above average growth," says AvW Chairman Wolfgang Auer von Welsbach. The Austrian Takeover Commission is being informed.
AvW Invest AG has sold its 1 per cent interest in the Australian gold mine Equigold. The proceeds from the sale were approximately 4.5 million Australian dollars; a profit of around 2 million Australian dollars was achieved.
The figures for the first three quarters will be announced on 5 November.
About S&T
S&T - www.snt-world.com - XETRA Vienna: With about 3,000 employees and 461.3 million Euros revenue in 2006, S&T is the leading provider of IT consulting, IT solutions, and IT services for customers in Central and Eastern Europe and in the Germany-Austria-Switzerland region as well as in Asia. The consortium has together with the in spring 2007 acquired IMG a successful presence of over 80 subsidiaries in 22 coutries. The corebusiness oft S&T is IT consulting, development and implementation, as well as the creation oft custom IT solutions, processes an systems. S&T supports large and mid-sized companies along the entire IT value-added chain. In particular, S&T addresses the needs oft the manufacturing and trade industries, telecommunications, the public sector, as well as financial service, energyservice providers, car trade companies and aerospace & defense industry. S&T corporate headquarter is in Vienna. S&T has been listed on the Vienna Stock Exchange since 2003.
About AvW INVEST AG
The Austrian finance company, which is domiciled in Krumpendorf at Lake Wörthersee, is active in three core business areas: financial services, equity participations and real estate, with the latter being the company´s smallest business segment.
AvW´s shares are listed on the Vienna Stock Exchange on the ATX Prime Market (ISIN number: AT0000930409, Reuters: AVWI.VI, XETRA Vienna: AWS). More information about AvW is available on the Internet at www.avw.eu.
end of announcement euro adhoc 01.10.2007 08:16:45
Further inquiry note:
AvW INVEST AG
Mag. Brigitte Burger
Tel.: 04229/3621-24
mailto:b.burger@avw.eu
Branche: Financial & Business Services
ISIN: AT0000930409
WKN: 892661
Index: Prime.market
Börsen: Börse Frankfurt / free trade
Börse Stuttgart / free trade
Wiener Börse AG / official dealing