euro adhoc: ECO Business-Immobilien AG
other
ECO Business-Immobilien AG:
conwert plans the acquisition of the management company ECO Management GmbH
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
01.10.2007
Vienna, 1 October 2007. The stock exchange listed conwert Immobilien Invest AG has today announced plans to purchase ECO Management GmbH, the management company of ECO Business-Immobilien AG. In the course of the therewith intended grouping of the real estate management resources, as well as after the transformation of conwert into a Societas Europaea (SE), Friedrich Scheck, chairman of the board of directors of ECO Business-Immobilien AG, shall become managing director of future conwert SE. In this context, Friedrich Scheck shall, in the course of an extraordinary general meeting of ECO Business-Immobilien AG to be held later this year, resign as chairman of the board of directors and will be proposed as a member of the supervisory board.
By means of the consolidated management structure under the umbrella of the newly formed conwert SE, ECO should in future be able to profit from a significantly broader management expertise and capacity, as well as even better market access, than has previously been the case. ECO´s strategic focus will in future also remain on high-quality business real estate.
end of announcement euro adhoc 01.10.2007 10:21:09
Further inquiry note:
ECO Business-Immobilien AG, Friedrich Scheck, CEO, Tel +43 1 535 21 99,
E scheck@eco-immo.at
Hochegger|Financials, Roland Mayrl, Tel +43 1 504 69 87-31,
E r.mayrl@hochegger.com
Branche: Real Estate
ISIN: AT0000617907
WKN: A0D8RY
Index: Prime.market
Börsen: Wiener Börse AG / Regulated free trade