Hannover/Germany, 12/07/2013. With the capital measures to be approved as part of a resolution at an Extraordinary General Meeting on 18 July 2013, Hoeft & Wessel AG will lay the foundations for the entry of a long-term oriented investor and, for this reason, the conclusion of an agreement regarding the refinancing and financial restructuring of the Company. The investor is to take an interest of more than 75 per cent in the Company with a stock exchange listing via a capital increase, providing Hoeft & Wessel AG with fresh capital of approx. EUR 8.5 million. Key shareholders are waiving their subscription rights.

Of the investment of approx. EUR 8.5 million, EUR 3.3 million has been earmarked for the repayment of financial liabilities and approx. EUR 5.2 million for funding development projects and the Company's operations. Due to the waiver of receivables by the financial institutions, the volume of receivables has been reduced to EUR 8.5 million. A comprehensive restructuring programme that was largely concluded as early as mid-2013 will lead to an overall improvement of approx. EUR 12 million p.a. by the end of 2014. A detailed description of the restructuring programme is available for downloading from the Company's website under Investor Relations, General Meeting.

Following the entry of the investor and additional measures, Hoeft & Wessel will be able to finalise the restructuring phase and achieve the turnaround as early as this year after two years with substantial operating losses (2011 EBIT:

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