CE Gas Marketing & Trading GmbH (CEMAG), a privately owned Austrian natural gas trading company, announces a change of ownership and planned capital increase.

On April 13, 2012, CEMAG’s shareholder Vienna Capital Partners Group has signed an agreement to sell their CEMAG shareholding to Artemis SE (Artemis), a German energy holding listed in the Open Market of Frankfurt Stock Exchange. The majority shareholder of Artemis is the international investment group GEM (Global Emerging Markets) that is active predominantly in emerging markets and growth industries.
The transaction is subject to the condition precedent of approval by the anti-trust authorities.  After completion of the acquisition, Artemis plans to further strengthen CEMAG’s equity via a capital increase of € 10-20m.

This change of ownership will not affect the company’s operational procedures or strategy in any way. Nor will there be any change in the CEMAG management team, which continues to consist of Dr. Gernot Hutter as CEO and Maximilian H. Tinauer, MBA as CFO, who will keep running the company with their full personal commitment.