AB FENETRES Groupe : Successful capital increase of EUR 30m

le
0

In order to finance the company's development, AB Fenêtres Groupe's senior executives are pleased to report the success of the increase in capital of ¤30m with qualified investors, and conducted by Amsterdams Effectenkantoor BV (AEK).

The raising of funds was achieved with French, Swiss and Dutch qualified investors, on the basis of an issue of 2,666,666 new shares at a price of ¤11.25 per share. The company's capital now comprises 4,179,394 shares.

Following the signing of two letters of intent, at the end of April, this capital increase consolidates the Group's senior executives wish to achieve external growth in Central Europe, mainly in the Czech Republic. It thus gives the Group optimised and integrated production facilities of high performance able to meet the French market's high demand.

In line with the senior executives' wish to ensure the company's development, such investments will substantially reduce production costs and mechanically improve the Group's operating margin. At the same, thanks to commercial and production synergies that will be achieved with the French business, they will also enable AB Fenêtres Groupe to take a sustainable position in fast growing markets, notably characterised by the buoyant property sector.  

Partner in the operation:

AEK
Investment advisers

About AB Fenêtres Groupe (www.abfenetres.fr) :

Founded in 2000 by Willy Bernard, Chairman and CEO, AB FENETRES Groupe specialises in the manufacture, distribution and assembly of interior and exterior joinery fittings, doors, windows and other openings (shutters, windows, garage doors, roller blinds, blinds, entrance doors, etc.). The Group's main activity centres on PVC joinery fittings. With a unique business model, spanning the entire length of the value chain (manufacturing, distribution and installation of joinery fittings), the company employs 340 people.

AB FENETRES Groupe achieved sales of ¤11.9 million over the last fiscal year, closed on 30 June 2006, compared with ¤6.3 million on June 2005, meaning a growth rate of nearly 100% per year.

AB FENETRES Groupe was admitted to the Alternext market of Euronext Paris via direct listing on 2nd November 2006.
Mnemonic: ALABF / Code ISIN: FR0010385690

Contacts

AB Fenêtres Groupe
Willy Bernard
Chairman & CEO
willybernard@abfenetres.fr
AEK
Willem van der Meer
+ 31 20 530 63 00
w.vandermeer@aek.eu
H. & Associés
Nicolas Déhais / Philippe Azevedo
01 55 04 05 53 / 01 55 04 05 52
nicolas.dehais@h-associes.com
www.h-associes.com
News Invest
Sébastien Berret / Agnès Gilbert
sberret@actus.fr /agilbert@actus.fr
© Copyright Actusnews Wire
Recevez gratuitement par email les prochains communiqués de la société en vous inscrivant sur www.actusnews.com
Receive by email the next press releases of the company by registering on www.actusnews.com, it's free

Valeur associée
  Libellé Bourse Dernier Var. Vol.
Vous devez être membre pour ajouter des commentaires.
Devenez membre, ou connectez-vous.
Aucun commentaire n'est disponible pour l'instant