R. Stahl AG
R. STAHL AG invests in long-standing South-African sales partner ESACO Pty. Ltd.
DGAP-News: R. Stahl AG / Key word(s): Investment PRESSEINFORMATION / PRESS RELEASE R. STAHL AG invests in long-standing South-African sales partner Waldenburg, 21 October 2016 – R. STAHL strengthens its global presence with an investment in South Africa. The objective of the investment is the development of the African market, with a focus on the sub-Saharan region. This way, R. STAHL will be able to directly supply those customers that are already active on the African market. In order to realize this new regional approach R. STAHL acquired a 35% interest in the long-standing partner the South-African company ESACO Pty. Ltd. Over the years, R. STAHL has been very successful in winning large projects in Africa, the last one being an offshore project in Angola. Due to the investment, R. STAHL is now present on the African continent as well and can supply customers locally, especially customers located south of the Sahara. With the proximity to the African end customers, continued success will be ensured. About R. STAHL – www.stahl.de The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5). Contact: Bernd Marx (CFO) Carmen Kulle (Investor Relations) E-Mail: investornews@stahl.de
2016-10-21 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | R. Stahl AG | |
Am Bahnhof 30 | ||
74638 Waldenburg | ||
Germany | ||
Phone: | +49 (7942) 943-0 | |
Fax: | +49 (7942) 943-4333 | |
E-mail: | info@stahl.de | |
Internet: | www.stahl.de | |
ISIN: | DE000A1PHBB5 | |
WKN: | A1PHBB | |
Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange | |
End of News | DGAP News Service |