UIAG no longer serves the market for medium size enterprise financing and Private Equity.
In the future UIAG will operate as managing holding and will aim for majority investments by means of a sustainable investment policy.
Due to the changes in the legal framework in Austria, UIAG had to reposition itself and act as investment holding for the industrial and services sector within the CROSS Industries group. The CROSS Industries group focuses on Austrian brand companies operating internationally.
UIAG’s investment strategy will be coordinated with the strategic orientation of CROSS Industries AG to use synergy potentials and to avoid interferences. This interface relies on the “Arms-Length-principle” the corporate policy of CROSS Industries group.
The new orientation enables UIAG to act without investment restraints and allows direct external financing.
UIAG will take over management responsibility and will take an active part in strategic leadership of its shareholdings.
UIAG’s capital market orientation shall still be emphasised by IPO’s; its listing at the Vienna Stock Exchange is especially requested by its majority shareholder.
Share price shown with a delay of 15 minutes (Wiener Börse AG)
