philoro Holding GmbH's management has reclaimed control of the company with the support of Invest AG, aiming to enhance market share and drive international growth in the precious metals sector.

Information on the Target

Established in 2011, philoro Holding GmbH is a prominent trading house for precious metals based in Korneuburg, Austria. The company is undergoing a transition as operational management reclaims a significant portion of shares previously held by investors. This shift, which has received approval from the competition authority, reinforces their commitment to expanding market share and pursuing international growth. Recently, with the launch of a new refining and melting facility in Korneuburg, philoro has achieved a significant milestone in its corporate journey.

Rudolf Brenner, a representative from philoro Holding GmbH, expresses enthusiasm about this new phase: "We appreciate the excellent and professional collaboration with Invest AG. This transaction allows us to advance our long-term vision of becoming a leading international precious metals trader and processing company. We are confident that our team will continue to provide top-notch services and remain a reliable provider for our clients."

Industry Overview in Austria

Austria's precious metals industry has been experiencing a notable evolution, heavily shaped by global trends and the rising interest in alternative investments. The country is home to several renowned dealers and processors of precious me