Palladius AG
Palladius AG implements change of strategy to focus on participations in the automotive sector
Palladius AG / Strategic Company Decision 27.11.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Munich, November 27, 2009 - Palladius AG, an investment company listed on the Open Market of the Frankfurt Stock Exchange with its seat in Munich announces a new strategic orientation and intends to focus exclusively on investment engagements in the automotive area in the future. Therefore, the healthcare sector including all related burdens of financing was returned to the former proprietor, Strive AG, on November 25, 2009. Silence was agreed about the purchase price. 'Thanks to the reorganization of our portfolio we are now free to concentrate efforts exclusively on our area of expertise, the 'restructuring of car dealers', where our team's longstanding, profound experience lies', Frank Döhring, CEO of Palladius AG stated. 'We have implemented a fundamental change of strategy - transforming our business model of an investment company with a wide range of participations into a distinctly positioned investment company for majority participations in car dealer groups. We not only expect this to have a streamlining effect on structures but are also convinced to be better positioned for new partnerships and participations in this field than ever before. Besides, we intend to pursue our engagement in the real estate sector - regarding our minority holdings in business premises and real estate of our portfolio car dealers - also in the future', Döhring concluded. For more information about Palladius AG visit our website www.palladius.de. For additional information please directly contact our Public and Investor Relations Team: esVedra consulting GmbH t: +49. 89. 28 80 81 36 f: +49. 89. 28 80 81 49 ir@palladius.de About Palladius AG Palladius AG, an industrial investment company listed on the Open Market of the Frankfurt Stock Exchange, is engaged in supporting and accompanying enterprises of many branches in their future development and path to success. The company's core expertise lies in the automotive, real estate and restructuring business sectors. Focusing investment engagements mainly on these areas, Palladius AG holds majority or minority holdings in four German car dealers at a total of 13 locations through intermediate holdings. Investments in the real estate sector include minority participations in a real estate investment fund and in two other small-size real estate companies. At present, approximately 350 employees work for the participations of Palladius AG. 27.11.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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