Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Coreo AG Regulatory Filings 2012

Feb 1, 2012

5376_rns_2012-02-01_ecddc39e-e2a1-4ce2-a364-7d4f82c23a22.html

Regulatory Filings

Open in viewer

Opens in your device viewer

News Details

Corporate | 1 February 2012 06:00

Nanostart AG Acquires Majority Stake in Holmenkol AG

Nanostart AG / Key word(s): Miscellaneous

01.02.2012 / 06:00


Frankfurt / Heimerdingen – February 1, 2012 – Nanostart AG has acquired two shares in its equity investment Holmenkol AG from co-shareholder Nanogate. It now holds 50% plus one share, giving it a majority stake in Holmenkol. The transaction was approved at the Annual General Meeting of Holmenkol on December 9, 2011, and has now been carried out.

Marco Beckmann, CEO of Nanostart, commented: 'Nanostart has always been convinced of the capabilities of Holmenkol, which is why we acted quickly to exercise our preemption right.'

About Nanostart:

Nanostart AG (OTCQX: NASRY) headquartered in the German financial capital of Frankfurt, is a leading nanotechnology investment company, with portfolio companies spanning the globe from Silicon Valley to Singapore. The company provides venture capital financing for nanotechnology companies in various growth phases with a focus on innovation-driven industries of the future such as cleantech, life sciences and IT/electronics. Through its subsidiary Nanostart Asia and the venture capital fund in Singapore, Nanostart is proud to be the investment partner of the Singaporean government.

About Holmenkol:

Holmenkol AG is the oldest maker of ski wax in the world, and since 2002 has specialized exclusively in the development and worldwide marketing of highly innovative and environmentally friendly sports coatings based on state-of-the-art technology. In addition to ski wax, these include 19 patented impregnation products, detergents, coatings and polishes for all types of activities in the sports and outdoors market. Holmenkol pays special attention to performance, environmental compatibility and top product quality. One of Holmenkol's key strategic focal points is the fast-growing outdoor market. Holmenkol's sales network now covers 47 countries. Its product range is represented in all major sports retail organizations at national and international level. A key feature of Holmenkol is the fact that all its sports coatings are made in Germany. In 2004, Holmenkol was included in the top 100 most innovative medium-sized companies in Germany. The NANOWAX product range was chosen as the no. 1 nanotechnology product of the year worldwide for 2003 by the business magazine FORBES. Further information on the company and its products can be found on its website, www.holmenkol.de

Disclaimer:

This notice constitutes neither an offer to sell nor a solicitation of offers to purchase or subscribe to securities. There will be no public offering of securities of Nanostart AG in conjunction with the existing listing of its shares in the 'Entry Standard' segment of the regulated unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This notice does not constitute a securities prospectus. Neither this notice nor the information contained within is intended for direct or indirect distribution within Canada, Australia or Japan.

Media contact:

Nanostart AG

Dr. Hans Joachim Duerr

Head of Corporate Communications

Goethestrasse 26-28

D-60313 Frankfurt, Germany

phone: +49 (0)69-21 93 96 111

fax: +49 (0)69-21 93 96 150

e-mail: [email protected]

End of Corporate News


01.02.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.

The issuer is solely responsible for the content of this announcement.

DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Media archive at www.dgap-medientreff.de and www.dgap.de


154760  01.02.2012