AvW Management-Beteiligungs AG

AvW now holds 24 percent of Binder

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Krumpendorf/Wörthersee (euro adhoc) - The Austrian AvW Gruppe AG investor group has increased its equity position in Binder+Co AG (BIND.VI) from 15 percent to the current level of approx. 24 percent. "We like the company very much, management is very effective and the company´s focus on strategic growth suits us very well" Wolfgang Auer von Welsbach, AvW´s Board Chairman, stated. "Our next goal is to surpass the 25% level at Binder, as well, and achieve a blocking minority shareholding." AvW had announced only a few weeks ago that it had acquired more than a 25% shareholding in the Austrian fund company C-Quadrat.

Binder+Co AG, which has been listed on the Vienna Exchange since the end of 2006, is a specialist in processing, environmental and packaging technology. In fact, Binder is the global market leader in the realm of screening technology (for goods which are difficult to separate) as well as in the field of glass recycling. Carrying an average of 208 employees on its payroll, Binder generated EUR 42.7 million in revenues during the 2006 fiscal year, achieving an EBIT of EUR 4 million.

About Auer von Welsbach Group

AvW Group is an Austrian investment company focusing on small caps in Austria, Germany, Asia and Australia. In the past year, around EUR 120 million were invested in the company´s equity holdings. AvW already ranks among the largest, most profitable and fastest growing investment companies in Austria. 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

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ots Originaltext: AvW Management-Beteiligungs AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
AvW Gruppe AG
Brigitte Burger
Tel.: +43 (0)4229/3621-24

Branche: Economy, Business & Finance
ISIN:      AT0000703269
WKN:        763759
Börsen:  Börse Frankfurt / free trade

Weitere Meldungen: AvW Management-Beteiligungs AG

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