ORIENT Strategies AG
ORIENT Strategies AG: ORIENT Strategies AG rapidly expands participations
ORIENT Strategies AG / Key word(s): Acquisition/Strategic Company Decision ORIENT Strategies AG rapidly expands participations – Immediate acquisition of 49 % in BR-Energy PLC – Entrance to the rapidly growing renewable energy business in Turkey – Expansion of representative offices in Iraq St. Gallen/ Berlin / Istanbul, 16 October 2012. ORIENT Strategies AG rapidly expands its participations and enters new markets in the Middle East. On 19 September 2012, ORIENT Strategies AG acquired a 49% stake in the internationally operating holding company ‘BR-Energy PLC’. Entrance to the rapidly growing renewable energy business in Turkey.
Development of representative offices in Iraq
On the 17th of September, ORIENT Strategies AG and the company Al Nahil General Trading agreed on a future companionship of two representative offices located in Baghdad and Kerbela. Al Nahil exists longer than fifteen years in Iraq as a consulting and brokerage company for foreign companies who want to be in active business in Iraq. This company is managed by Dr. Hamza, who is also a director of the ORIENT Strategies AG. ‘This is the first real step to get recognized as a foreign investor in Iraq and to realize this year the PVC water pipe production project we have already optioned’ Konstantin v. Reden-Lütcken, President of ORIENT Strategies AG declared. ‘With this we create the precondition that can expand the ORIENT Strategies AG in Iraq itself. With two offices in Baghdad and Karbala, we also can help our customers to realize the market entry in the rapidly growing Iraqi market.’ said Dr. Abbas Hamza, the Board of Directors of ORIENT Strategies AG. ‘With its participation in the PVC water pipe manufacturing facility, our first reference project will be implemented in Iraq. This will help the consulting business to expand in Iraq and throughout Middle East.’ is Klaus D. Hirt, Board of Directors of ORIENT Strategies AG explaining. More representative offices of ORIENT Strategies AG are planned in Russia, as well as Turkey, in these markets to acquire other projects in growing industries. The respective territories are maintained by different teams that bring proven experience and existing networks. Appropriate investments are already in the trial or shortly before the implementation. About ORIENT Strategies AG ORIENT Strategies AG is specialized in the consultancy of German/European companies on the capital market and their strategic orientation on the Middle East. ORIENT Strategies itself holds investments in companies and projects in the Middle East, particularly in Iraq, to support reconstruction there. ORIENT Strategies AG located in St. Gallen, Switzerland, has been listed on the Frankfurt Stock Exchange’s Open Market since March 2011. ———————————————– Contact: End of Corporate News 16.10.2012 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 |
188864 16.10.2012 |