Altira AG / Miscellaneous 08.09.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- ++ 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 |[![CDATA[|[a href="http://www.dgap.de"|]Financial News transmitted by DGAP|[/a|]]]|] --------------------------------------------------------------------------- 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 End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: Altira Group contributes minority holding in R-Quadrat to exchange-traded Magnat
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