Frk Eur Igc Etf Regulatory News (EURO)

23 Nov 2007 10:00

EuroTrust A/S23 November 2007 Press releaseFor immediate release23 November 2007 EuroTrust A/S Appointment of Advisor EuroTrust A/S ("EuroTrust" or "the Company") (AIM:EURO), the wind energy andproperty development company, today announces that it has appointed CarnegieBank A/S as advisor for the sale of the shares in its property divisioncompanies. EuroTrust announced on 17 September 2007 the intention to concentrate on itsfast growing wind energy business, with one of the options being to divestshares in its property development operations, which comprise Aktiv GruppenHolding A/S, Aktiv Gruppen Norge A/S and Real Ejendomme A/S. Carnegie Bank A/S will now commence production of an Information Memorandum forthe Company's property portfolio, which is expected to be submitted tointerested parties in early 2008. The sale of the shares of EuroTrust's propertydivision companies is expected to be completed before the end of the currentfiscal year. Robert Skjodt, CEO, commented: "We have completed a significant amount of thework required in order to prepare the property division for sale. We lookforward to working closely with Carnegie with a view to executing the sale ofthe shares of the property division next year". --ENDS-- For further information please contact: EuroTrust 00 45 7696 6000Robert Skjodt Carnegie Bank 00 45 3288 0200Thor Hvid Cenkos Securities 00 44 (0)20 7397 8926Stephen Keys West Hill Corporate Finance 00 44 (0)20 7464 8822Alan Richards Haggie Financial 00 44 (0)20 7417 8989Peter Rigby/Alexandra Parry Notes to Editors: EuroTrust EuroTrust A/S is a leading Danish property developer and renewable powerproducer listed on the AIM market of London Stock Exchange. EuroTrust A/S has171 MW of wind power generation in operation or under construction in Germany,Italy, Spain and Poland, and 44 commercial and residential property developmentprojects in Denmark and Norway. This information is provided by RNS The company news service from the London Stock Exchange