FinLab AG — M&A Activity 2009

Sep 8, 2009

News Details

Corporate | 8 September 2009 18:29

Altira Group contributes minority holding in R-Quadrat to exchange-traded Magnat

Altira AG / Miscellaneous

08.09.2009

Dissemination of a Corporate News, transmitted by
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The issuer / publisher is solely responsible for the content of this announcement.

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++ Altira Group contributes minority holding in R-Quadrat to
exchange-traded Magnat
++ New heavyweight in property asset management created

Altira AG ('Altira Group'), an asset management company focusing on
alternative investment strategies, announced today that it would contribute
its minority holding in R-Quadrat Immobilien GmbH to exchange-traded MAGNAT
Real Estate Opportunities. The remaining R-Quadrat shareholders will
likewise contribute their shares, with the result that, when the
transaction is concluded, R-Quadrat will be wholly owned by Magnat.

Implementation of the transaction will create an exchange-traded,
integrated property asset manager with assets under management of EUR 500
million and a substantial inventory of properties in Germany, Austria and
key countries of Eastern Europe. Altira Group will hold 1,936,907 shares in
the new entity, amounting to a 14% holding.

The transaction will permit the Altira Group to make a significant advance
in its 'Other Alternative Investments' segment. In this segment, Altira
puts together (minority) interests in selected asset-management boutiques
which do not focus on Altira's three core areas: German 'Mittelstand' &
Restructurings, Renewable Energy & Natural Resources and Africa.

Altira Group CEO Michael Rieder notes: 'It is precisely our 'Other
Alternative Investments' business area that is allowing us to grow through
acquisitions as well. Our aim this year is to enter into at least one other
strategic minority holding.'

++ About Altira Group

The Altira Group is an owner-managed, listed asset management company that
focuses on alternative investment strategies for institutional and private
investors. The Altira Group focuses on both established and newly
developing future-oriented growth markets. The specialised knowledge, many
years of experience and entrepreneurial thinking and action of the Altira
Group's investment teams allows them to apply an active investment approach
('high alpha strategies') to achieve sustainable above-average returns in
these markets.

Contact:
Altira Aktiengesellschaft
Olaf Meier
Head of Investor Relations
Phone: +49 69 719 12 80 123
E-Mail: olaf.meier@altira-group.de

08.09.2009 Financial News transmitted by DGAP

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Language: English
Company: Altira AG
Grüneburgweg 18
60322 Frankfurt / Main
Deutschland
Phone: +49 (0)69 719 12 80 - 00
Fax: +49 (0)69 719 12 80 - 011
E-mail: info@altira-group.de
Internet: www.altira-group.de
ISIN: DE0001218063
WKN: 121806
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry Standard
in Frankfurt

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