Altira AG / Miscellaneous
09.05.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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++ African Development Corporation (ADC) announces capital increase of up
to EUR 48 million
++ Well on the way to becoming one of the leading investors in East Africa
The African Development Corporation (ADC), an industrial holding company
administered by the Altira Group, is planning to increase its share capital
by up to EUR 48 million in the next few weeks. This increase is due to be
effected by issuing up to 20 million new shares at EUR 2.40 per share. The
placement is directed exclusively at institutional investors. The Altira
Group will be paid for its management services through management and
performance fees respectively.
ADC is directing its investments towards the emerging countries of East
Africa with the focus on the banking and financial services sectors, IT
services and real estate. The investments are managed by ADC actively and
with an entrepreneurial focus. The local office in Kigali, the capital of
Rwanda, comprises a team of six industry and advisory specialists, all with
considerable international experience.
Of special interest to investors is the fact that investments in Africa
are, for the most part, not linked to traditional stock investments (both
in developed markets and in other emerging markets) and therefore allow for
a diversification of the portfolio.
Michael Rieder, CEO of the Altira Group, is very optimistic: 'The future
belongs to Africa. The boom there is generated, in particular, by an
enormous abundance of natural resources and the growing consumer demand of
a rising new middle class. This is also reflected in the strong interest
shown by institutional investors. Feedback we have received thus far to our
pre-marketing efforts only serves to strongly justify this sense of
optimism.'
++ About Altira
The Altira Group is an owner-managed company that is simultaneously an
exchange-listed asset management company. It manages money for
institutional investors in the areas of private markets, public markets and
real estate.
The investment approaches focus on inefficient markets. Inefficient markets
are newly forming markets and regions of the future with above-average
growth opportunities as well as established markets undergoing major
structural changes. Due to their specialised knowledge and years-long
experience, the Altira teams are able to generate a sustainable
above-average risk/yield profile ('high alpha strategies') in these markets
by using an active investment approach.
The implementation into defined investment products is then handled by the
focused, independent Altira subsidiaries. Whereas the investment decisions
are independently taken in the investment teams, all of the boutique
companies have centralised access to a common, institutional
infrastructure.
The Altira Group is in general a founding majority shareholder of these
boutique subsidiaries, or it acquires shares in existing asset management
companies who want to tap into the Altira Group platform.
Contact:
Altira Aktiengesellschaft
Juan Rodriguez
Head of Investor Relations
Tel: +49 69 719 12 80 145
E-Mail: juan.rodriguez@altira-group.de
DGAP 09.05.2008
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Language: English
Issuer: Altira AG
Grüneburgweg 18
60322 Frankfurt / Main
Deutschland
Phone: +49 (0)69 719 159 66 - 0
Fax: +49 (0)69 719 159 66 - 11
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
End of News DGAP News-Service
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DGAP-News: Altira AG / Private Markets: African Development Corporation (ADC) announces capital increase of up to EUR 48 million
| Source: EQS Group AG