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FinLab AG — Share Issue/Capital Change 2007
Aug 7, 2007
5396_rns_2007-08-07_a45c7ab7-c8a5-4a6f-96b1-300b4a5e93ab.html
Share Issue/Capital Change
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Corporate | 7 August 2007 08:30
Altira expands its Private Markets business segment; Successful private placement in the ‘Global Project financing in the Climate/Energy sector’
Altira 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.
ecolutions GmbH & Co. KGaA, which is managed by Altira subsidiary Climate
Solutions Management GmbH, successfully increased its equity capital by EUR
10.8 million to EUR 23.8 million through a private placement of EUR 13.0
million. This also increases earnings correspondingly for Climate Solutions
Management from current and performance-based fees.
As part of its broad diversification policy, ecolutions invests in
international projects aimed at decreasing CO2 emissions or absorbing CO2.
Under the Kyoto protocol, operators of such projects receive 'climate
protection credits' (emission rights certificates), which can be sold later
at a profit to institutional customers through European and other trading
systems, although mostly through OTC trading. Examples of such projects
include the sealing of waste sites, solar power systems, biomass power
plants, and biofuels, particularly in emerging and developing countries.
Double-digit rates of return are currently achievable in these areas.
Peter Brumm, CEO of Altira AG, is pleased with the capital increase for
ecolutions: 'We are very pleased with the successful placement. The new
inflows of funds will enable us to make additional investments in the near
future. ecolutions is well on the way to positioning itself as a pacemaker
in the market segment of climate protection investment. We are therefore
proud that we are not only generating a profit for our shareholders and
investors in ecolutions, but also making a valuable social and corporate
contribution.'
+++ About ALTIRA
Altira is a diversified asset management group with a number of
independently operating subsidiaries active in the private markets, public
markets and real estate investment classes.
Based on the concept of 'teaming up with the best', Altira either develops
internal specialist teams or works together with specialised outside asset
managers. Altira sees itself as a growth platform that provides these
different asset management models with access to its network,
infrastructure, management expertise and capital resources, while allowing
each to retain its own individual identity. In return, Altira is able to
achieve broad diversification over a variety of asset classes and customer
groups, along with the highly stable corporate earnings that this brings.
Products launched by Altira are characterized by a focus on inefficient
and/or strongly changing markets, active management (high alpha), and a
high level of entrepreneurial investment of funds by management.
Contact:
Altira Aktiengesellschaft
Juan Rodriguez
Leiter Investor Relations
Tel: +49 69 719 159 66 405
e-Mail: [email protected]
DGAP 07.08.2007
Language: English
Issuer: Altira AG
Grüneburgweg 18
60322 Frankfurt / Main
Deutschland
Phone: +49 (0)69 713 7588 - 12
Fax: +49 (0)69 713 7588 - 11
E-mail: [email protected]
Internet: www.altira-ag.de
ISIN: DE0001218063
WKN: 121806
Indices:
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry Standard
in Frankfurt
End of News DGAP News-Service