Aurelius AG now holds 72.5 percent of the shares of Germany-based Hanse Yachts AG, the company announced.
Hanse Yachts AG was founded in 1990 and in the last 21 years has established itself as the third-largest production-line builder of sailing yachts worldwide. Hanse Yachts AG’s shares have been listed on the General Standard of the Frankfurt Stock Exchange since the company went public in March 2007.
“As a result of economic circumstances Hanse Yachts has had to report negative results for the last three fiscal years. Thanks to the overall economic recovery and successful introduction of new and innovative models, Hanse Yachts has nevertheless been able once again to gain significant additional market share and to improve its results for fiscal year 2010/2011,” the company said in a statement.
“With the active support of Aurelius in the future, continued significant improvement in our business operations is expected,” the company added. “Our current incoming orders have underscored this expectation.”