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AvW Invest raises holding in fund company C-Quadrat to over 25 pct


Published :
Tue, 08 Jan 2008 08:39
By : Agencies
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VIENNA (Thomson Financial) - Austrian investment group AvW Gruppe AG said it has increased its interest in the fund company C-Quadrat to over 25 per cent in the past several days.

'We thus were able to acquire a blocking minority, which was our primary goal,' said AvW Invest chief executive Wolfgang Auer von Welsbach.

'It is, however, our ultimate goal to bring C-Quadrat to the Vienna Stock Exchange', Auer von Welsbach added.

Listed on the Prime Standard of the Frankfurt Stock Exchange since Nov, 2006, C-Quadrat currently has over 5 bln eur of assets under management.

fiona.flanagan@thomson.com

ff/jlc

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