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Pioneer Investments lowers stake in Austrian Webfreetv.com.

(ADPnews) - Nov 3, 2009 - Pioneer Investments Austria GmbH reduced its stake in Austrian Internet video company Webfreetv.com Multimedia Dienstelistungs AG (WBAG:WFTV) to 4.41% from 7.68%, the latter said Tuesday.

Webfreetv.com widened its net loss to EUR 405,590 (USD 594,558) for the first half of 2009, from EUR 162,760 a year earlier, the company said at the end of August. According to Webfreetv.com, the net loss was expected and represents "the last phase of its restructuring".

Pioneer Investments Austria GmbH is a fund manager owned by Italian UniCredit (BIT:UCG)

(EUR 1.0 = USD 1.466)

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Publication:ADP News Austria
Date:Nov 3, 2009
Words:104
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