Holding(s) in Company
March 13 2003 - 9:10AM
UK Regulatory
RNS Number:7021I
Abraxus Investments PLC
13 March 2003
Abraxus Investments Plc ("the Company" or "Abraxus")
EUROPEAN PROPERTY SPECIALIST BUYS INTO
ABRAXUS INVESTMENTS PLC
Abraxus Investments Plc, the AIM listed European property investment company,
has been informed that Immoconsult Leasing Gesellschaft GmbH ("Immoconsult") has
acquired a 6.98 per cent interest in the Company. Immoconsult acquired 1,666,667
shares at a price of 9.6 pence per share from Mr. Uri Heller who retains a 6.98
per cent stake in the Company.
Immoconsult is a subsidiary of Osterreichische Volksbanken - Aktiengesellschaft
("the OVAG Bank") one of Austria's leading commercial banks that has a
particular interest in property related investments and finance in Eastern and
Central Europe. Established in 1922 with its head office in Vienna, the Bank has
offices and subsidiaries in 11 European countries.
Immoconsult, which specialises in Central and Eastern European property, has
offices in Bratislava, Bucharest, Budapest, Ljubliana, Prague, Sofia, Vienna and
Warsaw. It was established in 1987 to take advantage of the opportunities in the
emerging property markets in this region, and is also a principal of GVA
Worldwide, an international property consultancy owned and operated by its joint
venture partners.
Abraxus Investments Plc Chairman Phil Edmonds said: "The OVAG Bank and
Immoconsult bring a wealth of property and financial expertise in the regions
Abraxus is targeting. The investment forms a further key building block in our
property investment strategy and will greatly enhance our ability to carry out
substantial investments in the region."
ENDS
Contacts:
Phil Edmonds Abraxus Investments plc Tel: 020 7224 2522
John Depasquale Seymour Pierce Tel: 020 7648 8700
Hugo de Salis St Brides Media & Finance Tel: 020 7242 4477
This information is provided by RNS
The company news service from the London Stock Exchange
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