Tous Actualités
Suivre
Abonner Fortune Management Inc.

Fortune Management Inc.

euro adhoc: Fortune Management Inc.
Joint Ventures/Cooperation/Collaboration / Fortune to form Global Renewable Resources BV

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
13.04.2007
Zug/Switzerland, 13 April 2007 - Fortune Management Inc., listed on 
the German and Dubai Stock Exchange (ISIN: AOBLYY; Symbol: FMI1) has 
established Global Renewable Resources BV ("GRR"), a marketing and 
logistics services platform focused on bio-fuels and associated 
feedstocks. The business will be located in the Netherlands and 
Switzerland.
GRR will have Goldman Sachs as a minority shareholder, with Goldman 
Sachs and Fortune Management having equal representation on the board
of the new group. Paul Bagley, Chairman of the Board at Fortune 
Management, has been appointed Chairman of the Board of GRR. The 
business will be led by Joseph Hirl who has extensive experience in 
building commodities marketing and logistics firms. Foundry Capital 
helped organize the formation of the Company and will be on the 
Supervisory Board.
The global biofuels industry is experiencing significant growth 
driven by governmental targets and consumer demand. The European 
Union has taken a leading role in the use of biodiesel, and this will
be the initial focus area for the business.
GRR is a Principal Investment of Fortune Management whose strategy it
is to invest its own resources in promising businesses with high 
potential for growth and appreciation in value. GRR is entering the 
biofuels market at an opportune stage to take advantage of increased 
activity and the need for improved market support and efficiency.
End of ad hoc release
Profile of 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, Rotterdam, 
Santiago de Chile, Würzburg and Vienna, as well as a branch 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 13.04.2007 12:04:09

Further inquiry note:

Michael Staab
New Mark Finanzkommunikation
Tel.: +49(0)69 94418097
E-Mail: michael.staab@newmark.de

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

Plus de actualités: Fortune Management Inc.
Plus de actualités: Fortune Management Inc.