EANS-Adhoc: AvW Invest AG
AvW Invest AG acquires interest in the German IT
specialist Group Business
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
- Acquisition of interest in the German IT company Group Business Software AG - Portfolio of equity holdings in the IT sector progressively expanded
In the first half-year of 2009, AvW Invest, which is listed in the Standard Market Auction segment of the Vienna Stock Exchange, systematically expanded its portfolio of equity investments. After recently increasing its stake in GFT Technologies AG (GFTG.DE) to more than 5% and in the Austrian Hirsch Servo AG (HISE.VI) to more than 11%, AvW Invest AG has now become a new shareholder of the German IT company Group Business Software AG (INWG.DE).
"In the first instance, we acquired around 1% of the shares.", says Wolfgang Auer-Welsbach, Chairman of AvW Invest AG´s Management Board. Group Business Software AG, headquartered in the German federal state of Thuringia, is a leading provider of "collaborative business solutions" and currently operates in Europe and the United States. "The company is favourably rated, grows at an extraordinary rate and offers potential for future investments", says Mr. Auer-Welsbach.
AvW Invest AG will communicate its half-year results on 12 August 2009.
About AvW Invest AG:
AvW Invest AG (ISIN number: AT0000930409, Reuters: AVWI.VI, XETRA Vienna: AWS), which is domiciled in Krumpendorf at Lake Wörthersee, is active in two core business areas: equity investments and real estate. AvW´s shares are listed in the Standard Market Auction segment of the Vienna Stock Exchange.
end of announcement euro adhoc
Further inquiry note:
AvW INVEST AG
Mag. Brigitte Burger
Branche: Financial & Business Services
Index: Standard Market Auction
Börsen: Frankfurt / free trade
Stuttgart / free trade
Wien / official dealing