euro adhoc: Fortune Management Inc.
Joint Ventures/Cooperation/Collaboration /
Fortune Management Inc. participates in formation of a Management Company for
Private Equity Funds in Abu Dhabi
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
15.01.2007
Ad hoc Release
pursuant to § 15 WpHGFortune Management Inc. participates in formation of a Management Company for Private Equity Funds in Abu Dhabi
Zug/Switzerland, 15 January 2007 - Fortune Management Inc. (General Standard, ISIN USU026281027, SIN: A0BLYY) listed on the German and the Dubai Stock Exchange (DIFX) together with the Abu Dhabi based holding company Al Nasser International Group (ANIG) have established Fortune Super Equity Management LLC (FSEM) with headquarters in Abu Dhabi.
Fortune Management Inc. holds a 10 percent interest in FSEM.
FSEM has been established as an industrial holding company, structured as a Private Equity organisation. It will invest, through the establishment of a series of Private Equity funds, in both long term development projects and in established companies able to contribute to these projects. It will primarily focus on the oil, gas, energy, infrastructure, logistics and engineering sectors.
FSEM has been granted all respective licenses by the United Arab Emirates authorities.
End of ad hoc release
Profil der FORTUNE Management Inc.:
FORTUNE Management Inc., Zug/Switzerland, is a publicly listed private equity firm. Its two business divisions are Private Equity Management and Principal Investments. Private Equity Management achieves consistent revenues from the management of specialised funds, whereas Principal Investments comprises direct investments (e.g. in bio-diesel manufacturer GATE or in the Swiss asset managers Fortune Wealth Management Group AG) with a view to capital gains. FORTUNE Management Inc. has subsidiaries in Zug, Zurich, Geneva, Luxemburg, Santiago de Chile, Wuerzburg and Vienna, as well as a branch establishment in Dubai. The company's shares (ISIN: USU 026281027) are listed in the General Standard segment of Frankfurt Stock Exchange (symbol: FMI1) and on the DIFX in Dubai.
Contact: FORTUNE Management Inc. Mark Kübler Phone +41 41 727 10 40 IR@fortune-management.com Bahnhofstrasse 10 P.O. Box 324 CH-6301 Zug
end of announcement euro adhoc 15.01.2007 09:18:06
Further inquiry note:
Mark Kübler +41 41 727 1040
Branche: Financial & Business Services
ISIN: USU026281027
WKN: A0BLYY
Börsen: Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Frankfurter Wertpapierbörse / regulated dealing/general
standard