Corporate News – 22 August 2018

Aves One AG: Annual General Meeting paves the way for further growth

  • Proposed resolutions almost unanimously approved
  • Path paved for further growth with NACCO transaction and anticipatory decisions

Aves One AG, a fast growing investor in the field of logistics assets, has held its Annual General Meeting in Hamburg. The Annual General Meeting approved all resolution points with a great majority of over 99 percent of the represented capital. This approval rate was achieved in the passing of the resolutions on the discharge of the Management Board and Supervisory Board, the election of the auditor and the stock resolutions on capital measures for further growth of the company.

At the Annual General Meeting the management board members Jürgen Bauer and Sven Meißner explained the operational development in the business year 2017 and the status of current operative progress. Furthermore, they explained the recently concluded purchase agreement for the acquisition of around 30 percent of the freight car fleet of the NACCO Group, largest acquisition of Aves One up to date.

Jürgen Bauer, member of the management board of Aves One AG:
"We would like to thank our shareholders for their great confidence. With the decisions made and the significant expansion of our freight car portfolio, we are very well positioned for the future. We are very optimistic that we will achieve our growth targets much earlier. Therefore, we expect that the value of our logistics assets will exceed the billion mark in the next year. This target was previously set for the year 2020.”