Walldorf, April 9, 2011 – REALTECH AG (WKN: 700 890) announces the sale of the REALTECH shares held by AvW Group in a structured transaction. The group held 15.01 percent of REALTECH AG's share capital.
The shares were purchased by institutional investors. AvW Group no longer holds any voting shares. This has not affected the shareholder structure. Currently, the company's founders Daniele Di Croce, Rainer Schmidt, and Peter Stier hold 44.80 percent of the 5,349,152 no-par value shares. The remaining 55.20 percent of the shares are in free float. Nicola Glowinski, CEO of REALTECH AG, assumes that the shares have been mainly sold to investors that periodically contact REALTECH.
Glowinski considers the purchase of the shares by new investors a very posititve development and regards it as a sign of trust in the company. REALTECH is currently enhancing its clearly defined portfolio of services. REALTECH's management has assured investors that it expects continued revenue growth throughout 2011. It is assumed that in 2012, the company will be able to reap the benefits of the investment made in 2011. In fiscal 2010, REALTECH AG posted revenues of €52.5 million and employed a workforce of approximately 500 in seven countries.
For more information, go to www.realtech.com.
