European Die Casting Group N.V.
European Die Casting Group to list at alternative trading platform NPEX
European Die Casting Group N.V. / Key word(s): IPO 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@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 |
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