US Investment Fund Proposes to Substantially Increase its Interests in ALF Group Holdings AG
(firmenpresse) -
US Investment Fund Proposes to Substantially Increase its Interests in ALF Group Holdings AG
Zurich, 27th September 2010 – ALF Group Holdings AG (ALF) wishes to announce that Directors of ALF and a representative of Kingsley Finance Limited (ALF’s largest shareholder) have concluded in-depth discussions this weekend with representatives of the Andrew Alexander Index Fund LP (AAIF LP) and its backers.
AAIF LP recently advised it had taken control of 5% of ALF.
As a result of these discussions, AAIF LP:
- has now disclosed its intention to substantially increase its interest in ALF both on and off market
- has sought the co-operation of ALF and has made it clear that it wishes to work with existing management and
- wishes to conduct a due diligence on ALF Group Holdings AG and such subsidiaries that it deems appropriate, including all the Australian Companies and two recently formed USA investment companies (real estate / strategic investments).
Any major share acquisition would require Kingsley Finance Limited to cooperate.
Kingsley Finance Limited has stated to AAIF LP that they will consider any offers that adequately value the shares in ALF.
Furthermore, Kingsley Finance Limited has advised that they wish to retain a large holding in ALF.
About ALF Group Holdings AG
ALF Group Holdings AG (ALF) wholly owns ALF Group Pty Ltd and its subsidiaries, which includes one of Australia’s largest litigation funders, and a corporate restructuring services company which also provides funding and debt and equity solutions. It is also an acquirer and developer of distressed assets and currently has projects with an end value of over AUD $400M under contract.
For further information please contact:
ALF Group Holdings AG
Level 29, Chifley Tower
2 Chifley Square
Sydney, NSW 2000
Australia
Telephone +61-2-9293-2500
Fax +61-2-9293-2930
Website: www.alfgroupag.com
E-mail: info(at)alfgroupag.com
Leseranfragen:
Can Can Lingerie Holding AG
HEAD OFFICE
77-79 Anzac Parade
Kensington, 2033
Sydney, NSW, Australia
Ph: 02 9663 2842
Fax: 02 9663 2638
Email: reception(at)cancan.com.au
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Datum: 27.09.2010 - 09:56 Uhr
Sprache: Deutsch
News-ID 25450
Anzahl Zeichen: 0
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Town:
Wien
Kategorie:
Business News
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