Major Shareholding Notification • Apr 15, 2008
Major Shareholding Notification
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Corporate | 15 April 2008 08:00
HWA AG: Nasser Bin Khaled (NBK) Holding, Qatar, increased stake in HWA AG
HWA AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
HWA AG — Nasser Bin Khaled (NBK) Holding, Qatar, increased stake in HWA AG
Affalterbach, 15 April 2008 - Nasser Bin Khaled (NBK) Holding, Qatar,
informed HWA AG that they exceeded the threshold of 25 percent and are now
holding directly more than one quarter of the shares of HWA AG, according
to Section 20 para. 1 German Stock Corportation Act.
Contact:
Hans-Jürgen Mattheis
HWA AG
Benzstraße 8
71563 Affalterbach
Phone: + 49/ (0) 7144/ 8717- 279
Fax: + 49/ (0) 7144/ 8718- 111
[email protected]
www.hwaag.com
Company profile HWA AG
HWA AG was founded in 1998 as a spin-off from AMG, which was established in
1967 by Hans Werner Aufrecht as the Mercedes Benz customisation specialist.
Towards the end of 1998 Aufrecht sold a majority interest in AMG Motoren-
und Entwicklungsgesellschaft mbH, as it then was, to Daimler AG. In the
course of the disposal, motor racing, what is today the AMG-Mercedes team
in the German Touring Car Championship (DTM) and parts of the vehicles and
components business was spun off and transferred to HWA AG. In the motor
racing business, HWA AG acts as a full service provider to Daimler AG
Motorsport in the DTM. It is responsible for the whole process of
development and construction of the racing cars, including the motors,
together with all other activities involved in the racing team’s
operations. In its vehicles and components business, it develops and builds
cars and vehicle components for the automobile industry. Since 2003 HWA AG
has been producing and servicing racing engines for the Formula 3
Euroseries and the British Formula 3 Series. HWA AG currently has 223
employees in its Affalterbach works. In 2007 HWA AG had revenues of EUR
60.9 million and EBIT of EUR 9.1 million. Its net profit after interest and
taxes was some EUR 5.6 million. The Company has been listed on the
Frankfurt Stock Exchange in the Entry Standard segment since 19 April 2007.
15.04.2008 Financial News transmitted by DGAP
Language: English
Issuer: HWA AG
Benzstraße 8
71563 Affalterbach
Deutschland
Phone: +49 (0)7144 87 17-279
Fax: +49 (0)7144 87 18-111
E-mail: [email protected]
Internet: http://www.hwaag.com
ISIN: DE000A0LR4P1
WKN: A0LR4P
End of News DGAP News-Service
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