DGAP-News: OHB AG / Key word(s): Miscellaneous
OHB AG: Fresh equity issued by Aerotech Peissenberg - OHB's stake
reduced
13.05.2014 / 11:11
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Aerotech Peissenberg GmbH & Co. KG (ATP), in which OHB AG has hitherto held
a majority stake via MT Aerospace Holding, issued fresh equity of EUR 2.0
million on May 13, 2014.
The proceeds from the issue will improve ATP's financial situation,
allowing it to successfully continue on the restructuring and growth course
it has already adopted.
The sole subscriber of the issue was Apollo Capital Partners GmbH (with 30%
minority shareholder of MT Aerospace Holding), which has thus assumed a
majority interest in and industrial control over ATP.
Accordingly, the company will no longer be consolidated by OHB AG. However,
the Group will remain a non-controlling shareholder and recognize this
investment using the equity method of accounting.
Looking forward, the OHB Group's strategy of concentrating on projects in
application and benefit-oriented space technology in the areas of
navigation, telecommunications and weather/earth observation will be
additionally stepped up. OHB is increasingly benefiting from the evolution
of space technology away from a government-initiated research-driven
pursuit towards an application-oriented activity addressing customers from
a wide range of different sectors.
Contact:
Investor Relations
Martina Lilienthal
Tel.: +49 421 - 2020-720
Fax: +49 421 - 2020-613
E-Mail: martina.lilienthal@ohb.de
Corporate Communications
Martin Stade
Tel.: +49 421 - 2020-620
Fax: +49 421 - 2020-9898
E-Mail: martin.stade@ohb.de
End of Corporate News
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13.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: OHB AG
Karl-Ferdinand-Braun-Str. 8
28359 Bremen
Germany
Phone: +49 (0)421 2020 8
Fax: +49 (0)421 2020 613
E-mail: ir@ohb.de
Internet: www.ohb.de
ISIN: DE0005936124
WKN: 593612
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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268069 13.05.2014
DGAP-News: OHB AG: Fresh equity issued by Aerotech Peissenberg - OHB's stake reduced
| Source: EQS Group AG