DGAP-News: European Die Casting Group to list at alternative trading platform NPEX
(firmenpresse) - DGAP-News: European Die Casting Group N.V. / Key word(s): IPO
European Die Casting Group to list at alternative trading platform
NPEX
16.05.2012 / 13:48
---------------------------------------------------------------------
Press release
European Die Casting Group to list at alternative trading platform NPEX
Amsterdam, Turin, May 16, 2012 - European Die Casting Group today announces
it will seek a listing for part of its shares at NPEX, the Netherlands-based
alternative trading facility. European Die Casting Group is aiming to raise
EUR 20 million from private and institutional investors across Europe to
finance its expansion plans. Listing its shares at NPEX will provide
investors with liquidity and an exit opportunity for their investment.
European Die Casting Group, a holding of companies operating in the die
casting industry, was founded in May 2012 at the initiative of the Italian
entrepreneur Stefano Cannariato (39). Mr Cannariato is currently CEO of
Officine Componenti, a Turin-based company active in the aluminium die
casting industry, supplying components to clients in the automotive
industry in Italy.
Having incorporated Officine Componenti into European Die Casting Group, a
holding company operating under Dutch law, Mr. Cannariato aims to grow
European Die Casting Group into a pan-European group of companies operating
in the die casting industry. European Die Casting Group has identified a
number of potential takeover targets in this industry. European Die Casting
Group is confident it can raise production and reduce costs by implementing
the business model that is being used successfully at Officine Componenti,
and by the economies of scale that result from being part of a larger
conglomerate. European Die Casting Group expects to be able to formally
announce its first takeover after the summer of 2012.
Mr. Cannariato, CEO of European Die Casting Group, says: 'The European
suppliers to the automotive industry have traditionally been at the
forefront of technology and innovation. But today, especially in the die
casting industry, that innovation is lacking. My ambition is to reverse
that trend, by investing in technological innovation and in new methods of
recycling aluminium and other materials, and by finding new ways to
increase energy efficiency, saving not only money, but working in a more
environmentally sustainable way as well. European Die Casting Group will be
the platform from which we will launch this revolution in the die casting
industry.'
The listing process is developed and co-ordinated by Atrium International
Boardroom Consultants, an international boutique corporate strategy and
corporate finance firm. Mr. Dirk Gijze, CEO of Atrium says: 'European Die
Casting Group is breaking new ground in the search for financing. In the
current economic climate, companies like this have a hard time attracting
funds. Banks are reluctant to lend, traditional listings have become
prohibitively expensive, and the VC market is reluctant as well. What we're
offering is a new solution: a possibility for investors to invest directly
in a company with an outstanding growth potential, coupled with the
security and flexibility provided by a listing at an alternative trading
facility.'
Based in The Hague, Nederlandsche Participatie Exchange (NPEX) is an
alternative trading platform regulated by the Dutch financial services
authority (AFM) and the Dutch Central Bank (DNB). Mr. Edwin van de Ven, CEO
of NPEX, says: 'We are very pleased to welcome European Die Casting Group
to NPEX. NPEX offers companies all the advantages of trading at an
alternative trading facility, but at a much lower cost than traditional
exchanges. Our web-based trading platform allows investors to trade their
shares seven days a week, 24 hours a day. A fast-growing company like
European Die Casting Group should feel right at home at NPEX.'
More information:
For more information about this press release, please contact:
CitySavvy
Robbert ter Hart
T +31 (0)20 794 4732
robbert(at)citysavvy.com
This press release shall not constitute an offer to sell or a solicitation
of an offer to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws
of any such state or jurisdiction.
End of Corporate News
---------------------------------------------------------------------
16.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
170317 16.05.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: EquityStory
" alt="Extorre reacts to current Market Conditions and announces further High Grade Drilling Results at Cerro Moro
Datum: 16.05.2012 - 13:48 Uhr
Sprache: Deutsch
News-ID 147198
Anzahl Zeichen: 6586
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 257 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: European Die Casting Group to list at alternative trading platform NPEX"
steht unter der journalistisch-redaktionellen Verantwortung von
European Die Casting Group N.V. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
