Corporate | 2 November 2012 17:37


Altira AG to focus in future on core business of ‘Financing German Mittelstand’ ++ Changes in Management Board ++ Sale of Altira ADC Management GmbH planned


Altira AG / Key word(s): Strategic Company Decision/Change of Personnel

02.11.2012 / 17:37

Altira AG to focus in future on core business of 'Financing German Mittelstand'
  • Changes in Management Board
  • Sale of Altira ADC Management GmbH planned


Frankfurt am Main, 02 November 2012 – At its meeting today, the Supervisory Board of Altira AG (Altira) approved the sharper focus for the company proposed by the Management Board. Under the direction of David Zimmer, CEO, Altira will concentrate its future strategy on its core business of 'Financing German Mittelstand' by focusing, among other areas, on Heliad Equity Partners GmbH & Co. KGaA, an investment company managed by Altira. The overwhelming share of Altira's investments and subsidiaries are to be independently managed, further developed and in some cases sold. In the interests of the company and its shareholders, the Management Board plans to rapidly implement this process of focusing the company's activities. In the course of this, Peter Brumm and Andreas Lange, two members of the Management Board, will be retiring from the Altira Group on the basis of mutual agreement and on the best of terms.

As part of this change of strategy, the Supervisory Board today agreed on the proposal of the Management Board to sell the company Altira ADC Management GmbH and to accept a corresponding purchase offer made by ADC African Development Corporation GmbH & Co. KGaA (ADC KGaA). The offer submitted amounts to around EUR 4.3 million to acquire all of the shares in Altira ADC Management GmbH. Once this transaction has been implemented, Altira AG will no longer perform any management function at ADC KGaA.


Contact:
Altira Aktiengesellschaft
Stefan Schütze
Tel: +49 69 719 12 80 0
E-Mail: investor-relations@altira-group.de



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Language: English
Company: Altira AG
Grüneburgweg 18
60322 Frankfurt / Main
Germany
Phone: +49 (0)69 719 12 80 – 0
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; Open Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
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