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The KNAPP Group is issuing a five-year bond on 22 September with a face value of EUR 10 m. Investkredit is arranging the issue as Sole Lead Manager. This KNAPP Group 3.4% 2005-2010 bond is another example of Investkredit assisting a medium-sized company to enter the capital market.
The KNAPP Group is a global leader in providing one-stop solutions for automated warehousing and distribution logistics. The company that was formed in 1952 made its mark with specialised logistics and automation solutions for wholesalers of pharmaceuticals but now also offers individually tailored solutions for logistics automation to other industries, such as the cosmetics, tobacco, shoe, sound and picture broadcasting industries as well books and publishing.
The KNAPP Group ranks among the world's top 20 companies in materials handling and is technologically one of the market leaders in this segment. The future performance of the company relies on the controlled implementation of its growth strategy and following the demands of the industry for larger suppliers that can offer a complete service and also provide substantial contributions to the development of new logistics systems.
In issuing a Mittelstandsbond, the KNAPP Group has found the ideal financing instrument for the specific situation in which the company is at present. The proceeds of the bond issue will be invested in particular in the expansion of the regional branch network in Europe and of the production location in Hart bei Graz.
With the Knapp Group, Investkredit Bank AG introduces yet another Mittelstandsbond to the Austrian capital market. As the Bank for Corporates, Investkredit considers it an important responsibility to secure access to the capital markets above all for medium-sized companies.
Please direct your questions to:
Rita Hochgatterer Tel. +43/1/53 1 35-141
Hannah Rieger Tel. +43/1/53 1 35-112
