AvW Management-Beteiligungs AG
AvW holds more than 30 per cent in C-Quadrat
Krumpendorf/Wörthersee (euro adhoc) -
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The Austrian investment group AvW Gruppe AG has increased its investment in the Austrian fund company C-Quadrat Investment AG to 30.5 per cent. A compulsory offer is not required, since the two founders, Alexander Schütz and Thomas Rieß, concluded a syndicate agreement through their private foundations, and the AvW Group thus does not have a controlling interest in C-Quadrat.
The current value of AvW´s package of shares comes to around EUR 56.5 million. "C-Quadrat is a very important strategic investment for us. The company offers great potential for the future and will definitely see exciting and prosperous times ahead," says Wolfgang Auer von Welsbach, Chairman of the AvW Board of Management.
As of 26 May 2008, the C-Quadrat shares are not only listed on the Frankfurt Stock Exchange, but also on the Prime Market of the Vienna Stock Exchange.
Further increases in the number of shares held are principally possible for all of AvW´s investments. The investment capital earmarked for this purpose amounts to a total of over EUR 100 million for the current year. About Auer von Welsbach Group
AvW Group is an Austrian investment company focusing on small caps in Austria, Germany, Asia and Australia. In the past year, around EUR 120 million were invested in the company´s equity holdings. AvW already ranks among the largest, most profitable and fastest growing investment companies in Austria. AvW participating certificates (AVWIga.F, ISIN AT0000703269) of the AvW Group are listed on the Frankfurt Stock Exchange. More information about AvW is available on the Internet at www.avw.eu
end of announcement euro adhoc
Further inquiry note:
AvW Gruppe AG
Mag. Brigitte Burger
Tel.: +43 (0)4229/3621-24
mailto:b.burger@avw.eu
Branche: Economy, Business & Finance
ISIN: AT0000703269
WKN: 763759
Börsen: Börse Frankfurt / free trade