Related Party Transaction • Jun 6, 2007
Related Party Transaction
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Corporate | 6 June 2007 16:55
ARQUES sells shares in SKW Metallurgie
ARQUES Industries 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.
ARQUES sells shares in SKW Metallurgie
Starnberg, June 6, 2007 – The Starnberg-based investment company ARQUES
Industries AG (ISIN DE0005156004) has sold shares in its subsidiary SKW
Stahl-Metallurgie AG (ISIN DE000SKWM013). Under the transaction, 300,000
shares were sold to institutional investors in a private placement. ARQUES
collected proceeds of 10 million euros on the transaction, which was
approved by the lead underwriting bank Viscardi Securities
Wertpapierhandelsbank. After the transaction, ARQUES still holds more than
50% of the equity in SKW Metallurgie.
'ARQUES will continue to focus on its core competence as a turnaround
specialist and will sell successfully revitalized subsidiaries. ARQUES is
considering to sell additional shares of SKW Metallurgie during the second
half of 2007,' said Dr. Martin Vorderwülbecke, Chairman of the ARQUES
Executive Board.
About ARQUES Industries:
ARQUES Industries AG, Starnberg (www.arques.de), is a turnaround specialist
focusing on the acquisition and active restructuring of companies in crisis
situations. ARQUES Industries employs its own management team and resources
to turn its investments into competitive, profitable companies. ARQUES
revitalizes the value creation potential of its subsidiaries for the
benefit of all their stakeholders, while upholding its responsibility
towards the companies’ employees and the general public. ARQUES’ mission is
to identify undervalued companies with dim prospects for survival, but with
strong value creation potential. ARQUES has learned to master complex
corporate structures and crisis situations. The shares of ARQUES Industries
AG are traded in the Prime Standard segment of the Frankfurt Stock Exchange
under the symbol 'AQU' (ISIN: DE0005156004). The company’s shares have been
included in the SDAX index since September 19, 2005.
Contact:
ARQUES Industries AG
Investor Relations & Corporate Communication
Anke Lüdemann, CEFA/CIIA
Tel.: +49 (0) 8151/ 651 0
E-mail: [email protected]
Language: English
Issuer: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg Deutschland
Phone: +49 (0)8151 651-0
Fax: +49 (0)8151 651- 500
E-mail: [email protected]
www: www.arques.de
ISIN: DE0005156004
WKN: 515600
Indices: SDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Hamburg, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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