Corporate news transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsibl... DGAP-News: C-QUADRAT Inves
Vienna/Frankfurt, 24 January 2007. Max Trust, which is part of the sphere of influence of Manfred Kastner, founder of VPM/ Absolute Plus Group, has acquired an interest of 125,000 shares in C-QUADRAT Investment AG (ISIN AT0000613005), an independent European asset manager. This is equivalent to 2.9% in C-QUADRAT. As stated in the prospectus of the C-QUADRAT capital increase in November 2006, the shares were executed and as agreed with the lead manager of the capital increase, Sal. Oppenheim, provided by the T.R. Privatstiftung and the Gabriel Privatstiftung. The investment is related to the acquisition of 50% plus one share in VPM Vermögensverwaltung Munich and the Absolute Plus Group by C-QUADRAT, which has already been executed at contractual level and is now subject only to the approval of the BaFin and the FMA. Approval is expected over the next few weeks.
With this purchase, C-QUADRAT is extending its product range with alternative investments and hedge funds. At the same time, by investing in these asset classes, it stabilises revenues, irrespective of the development on the capital markets. As of the end of September 2006, the acquired companies had assets under management of over EUR600 million. The VPM/Absolute Plus companies are independent of banks and insurance companies and have specialised exclusively in the selection and analysis of alternative investment managers and strategies for almost nine years. The business focus is the structuring and sale of these products for institutional clients in Germany, Austria and Switzerland. VPM Vermögensverwaltung Munich and the Absolute Plus Group own a total of three companies located in Munich, Zurich and the Cayman Islands. The expansion of the product range is an important strategic milestone for C-QUADRAT. To date, the company has operated in the area of asset management with a focus on umbrella funds, funds brokerage and structured products. As a result of the cooperation with numerous renowned insurance companies in the area of unit-linked life insurance, C-QUADRAT generates a high share or recurring revenues each year, and thus reliable income for the future.
C-QUADRAT, the fund company, is an independent asset manager operating throughout Europe. The company was established in 1991 and has had its own investment company since 2003. Within a few years, the company founded by Alexander Schütz and Thomas Rieß has become a team consisting of around 100 employees. The team has already made a name for itself throughout Europe with its asset management, analysis and investment fund management activities and by devising structured products. Many banks, insurance companies and financial companies operating internationally now rely on the expertise of C-QUADRAT.
'This press release serves marketing purposes andconstitutes neither an offer to sell nor a solicitation to buy anysecurities. A public offer by C-QUADRAT Investment AG has not yet takenplace. Any securities orders received prior to the commencement of theoffer period will be rejected. If an offer is made, a prospectus willbe published by making it available free of charge at C-QUADRATInvestment AG (Stubenring 2, A-1010 Vienna, Austria) and Sal. Oppenheimjr. & Cie. KGaA (Untermainanlage 1, D-60329 Frankfurt, Germany).
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