Brief: ALTIN to reduce exposure to alternative investments

Alpine Select AG

07/07/2016 06:48

July 7(Reuters) - ALTIN AG  ALTN.S : 
    * Said on Wednesday was informed by Alpine Select AG 
(referred to below as Alpine Select Ltd) about the press release 
in which also statements are being made with regard to the 
intentions of Alpine Select AG in respect of their majority 
holding in ALTIN AG 
    * Board of Directors of Alpine Select Ltd. has taken the 
decision in principle, to reduce in medium-term its exposure in 
Hedge Funds - held directly as well as indirectly via its 
majority holding in ALTIN Ltd. - and to again increasingly focus 
on our traditional topics and/or investment strategies 
    * Alpine Select Ltd holds directly or indirectly a total of 
61.21 percent in ALTIN Ltd., Zug 
    * Taking into account the repayment to the shareholders (in 
the amount of total 24 Swiss francs ($24.63) per share envisaged 
to be executed in September 2016) and thus also to Alpine Select 
Ltd. and provided appropriate market conditions, the 
prerequisite is given that Alpine Select Ltd has an interest to 
further expanding its holding in ALTIN Ltd 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nTEN47f6na 
     
 Further company coverage:  ALTN.S   
    
 
 
 
($1 = 0.9743 Swiss francs) 
 
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