SW Umwelttechnik Stoiser & Wolschner AG
EANS-Adhoc: SW Umwelttechnik pulls back planned bond
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
bond
18.11.2010
- Bond placement not possible to full extent - Planned investments have to be withdrawn - Market position in Romania will be pushed forward
The listed family company SW Umwelttechnik is pulling back the planned bond with a total volume of EUR 10 m. Due to the harsh market situation for smaller titles, SW Umwelttechnik was not able to place the bond to its full amount. Planned commitments were then not followed through as they were connected to a financing of the total announced volume.
The issuer is therefore pulling back the bond offering and will not carry out the intended increased expansion investments in Romania. SW Umwelttechnik will however still push forward the activities in Romania and will extend its already strong market position.
The infrastructure in Central- and South-eastern Europe - particularly in the areas of road construction, sewer networks and local supply systems - is in need of high investments. For example, only 20 % of wastewater is treated in Romania. With a realistic extension of the sewer networks of around 2 % per year, there will be a market demand for decades that can be served perfectly by SW Umwelttechnik products.
end of ad-hoc-announcement ========================================== ====================================== SW Umwelttechnik, a family firm founded in 1910 and listed on the Viennese stock exchange since 1997, stands for sustainable management and consistent growth in Eastern and South-eastern Europe. With our innovative technology to protect the environment we provide an important contribution for the development of necessary infrastructure in Central and South-eastern Europe.
end of announcement euro adhoc
Further inquiry note:
DI Dr. Bernd Wolschner
Member of the Management Board
Tel.: +43 / (0) 463 / 32109 - 202
Mobil: +43 / (0) 664 / 34 13 953
Mag. Michaela Werbitsch
Investor Relations
Tel.: +43 / (0) 463 / 32109 - 204
Mobil: +43 / (0) 664 / 811 7662
E-Mail: michaela.werbitsch@sw-umwelttechnik.com
Web: www.sw-umwelttechnik.com
Branche: Technology
ISIN: AT0000808209
WKN: 910497
Index: WBI
Börsen: Berlin / free trade
Frankfurt / free trade
Wien / Regulated free trade