AvW Invest AG

euro adhoc: AvW INVEST AG
Transfer of Pankl shares within AvW

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@


AvW INVEST AG announces that the 5% interest in Pankl Racing Systems AG will be transferred to AvW Management-Beteiligungs AG. AvW Management-Beteiligungs AG now holds more than ~23% in Pankl and is therefore able to adopt a common position in its future dealings with third parties. This places the company in a better strategic position to reach a blocking minority of 25% plus one share. The small caps portfolio of AvW INVEST AG is focused on the IT and raw materials sectors. In the Austrian and German IT markets, the company is always on the lookout for favourable opportunities to expand its existing investments. According to Wolfgang Auer von Welsbach, Chairman of the Board of Managment of AvW INVEST AG, the operating income will exceed the EUR 10 million mark for the first time in the company's history.. For the first time in the company’s history, operating income will exceed the EUR 10 million mark. The expected earnings objective for 2006 - EUR 2.40 per share (2005: EUR 1.48) has already been reached. All other sales of participating interests will be postponed until the 2007 financial year.

About AvW INVEST AG: http://www.avw.eu AvW's shares are listed on the Vienna Stock Exchange on  the  ATX  Prime  Market(ISIN number: AT0000930409, Reuters: AVWI.VI, XETRA Vienna: AWS). The Austrian company, which is domiciled  in  Krumpendorf  at  Lake Wörthersee,specialises in the fields of financial services,  equity investments and real estate.

@@start.t2@@end of announcement                                                 euro adhoc 13.11.2006 09:47:27

ots Originaltext: AvW Invest AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Nicole Kahn
Investor Relations
Tel.:  04229/3621-25

Branche: Financial & Business Services
ISIN:      AT0000930409
WKN:        892661
Index:    Prime.market
Börsen:  Frankfurter Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Wiener Börse AG / official dealing

Weitere Meldungen: AvW Invest AG

Das könnte Sie auch interessieren: