AvW Management-Beteiligungs AG
euro adhoc: AvW Gruppe AG
other
AvW becomes shareholder of C-QUADRAT
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
02.05.2007
Investment group acquires more than six per cent of C-QUADRAT´s shares
In its efforts to expand its portfolio of equity holdings, the AvW Group has acquired more than six per cent of the Austrian company C-QUADRAT. The price for the package of shares in C-QUADRAT, which is a strongly growing asset management company that is listed on the Prime Standard of the Frankfurt Stock Exchange (C8I.DE), is around EUR 12 million. "We have an option to acquire an additional five per cent of shares, which enables us to expand our position to more than ten per cent", says Wolfgang Auer von Welsbach, Chairman of the AvW Management Board, with respect to the investment.
Investment in C-QUADRAT further develops AvW´s position in the financial sector C-QUADRAT - the fund company is an independent asset management company which is primarily active in Austria, Germany and the CEE countries. Established in 1991, C-QUADRAT´s own capital investment company received a banking licence in 2003. C-QUADRAT has made a name for itself throughout Europe with the analysis and management of investment funds and by devising structured products. With its newly acquired interest in C-QUADRAT, AvW intends to further strengthen and expand its position in the financial sector. The AvW Group holds about 74 per cent of AvW INVEST AG (AVWI.VI), which is traded on the Prime Market of the Vienna Stock Exchange and whose above-average growth rates have been attracting attention for quite some time.
About Auer von Welsbach Gruppe AvW Gruppe is an Austrian investment company focusing on small caps in Austria, Germany, Asia and Australia. 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 02.05.2007 08:28:38
Further inquiry note:
AvW Gruppe AG
Nicole Kahn
Investor Relations
Tel.: 04229/3621-25
mailto:n.kahn@avw.at
Branche: Economy, Business & Finance
ISIN: AT0000703269
WKN: 763759
Börsen: Frankfurter Wertpapierbörse / free trade