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conwert Immobilien Invest SE: Baader Bank and biw Bank appointed as additional market makers for conwert share
Vienna
(pta008/31.10.2012/08:10 UTC+1)
The appointment of the two German banks strengthens trading liquidity of the share and secures access to the German stock market
Vienna, 31 October 2012. The Austrian ATX traded conwert Immobilien Invest SE has appointed two additional market makers for the company's shares in Austria and Germany with effect from 2 November 2012. In the future, biw Bank für Investments und Wertpapiere AG, in cooperation with Silvia Quandt & Cie. AG, and Baader Bank AG will strengthen the trading liquidity of the conwert share as corporate brokers by acting as market makers for the share. In addition, Baader Bank will act as designated sponsor on the Frankfurt Stock Exchange (Xetra).
conwert, which specialises in residential properties, currently already generates more than 50 % of its earnings in Germany. In appointing the two German-based banks, conwert recognizes the strategic significance of the German market and the growing interest of the capital markets in real estate companies with German portfolios. The appointment also helps the company to improve its visibility in the German stock market and its access to the institutional investors operating there.
"The liquidity of a share is an essential investment criterion for institutional investors. By mandating Baader Bank and biw Bank we are taking an important step to strengthen liquidity, thus making our shares more attractive, especially in the German market", says Thomas Doll, CFO of conwert.
In addition to Baader Bank and biw Bank, CA Cheuvreux S.A., Erste Group Bank AG and Virtu Financial Ireland Ltd. are already operating as market makers, and Raiffeisen Centrobank AG as specialist, for conwert.
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Emitter: |
conwert Immobilien Invest SE Alserbachstraße 32 1090 Wien Austria |
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Contact Person: | Clemens Billek Ph.D. | |
Phone: | +43 / 1 / 521 45-700 | |
E-Mail: | cwi@conwert.at | |
Website: | www.conwert.at | |
ISIN(s): | AT0000697750 (Share) | |
Stock Exchange(s): | Vienna Stock Exchange (Official Trade) |