EANS-Adhoc: Investkredit Bank AG
Resolution to transfer the banking business
of Österreichische Volksbanken-Aktiengesellschaft (VBAG) to Investkredit Bank AG
by way of de-merger planned for 19 May 2011. Core shareholders of VBAG intend
to acquire ...
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
15.04.2011
It is planned that in the General Assembly on 19 May 2011 a resolution will be passed on the transfer of VBAG´s banking business to Investkredit Bank AG by means of a proportional de-merger. The draft of the de-merger agreement stipulates (as set forth in detail in the agreement) that VBAG as transferor company intends to transfer its banking business to Investkredit Bank AG as assuming company by way of an universal succession. The remaining EUR 700 million of the state participation capital will be transferred to Investkredit Bank AG. The company name of the unified bank will be changed to Österreichische Volksbanken-AG. The de-merger is subject to approval by the General Assemblies of both companies involved and by the FMA (Austrian Financial Market Authority).The de-merger will be legally effective when registered in the commercial register at the Vienna Commercial Court which is expected to take place in the second half of 2011. A separate notice will be published pursuant to the Austrian De-Merger Act regarding the disclosure of the de-merger agreement as required by law. The core shareholders of VBAG made the fundamental decision on 15 April 2011 to acquire in 2011 part of the participation capital of the Republic of Austria in an amount of EUR 300 million. This decision is subject to final approval by the General Assembly in 2011 May.
The five biggest listed issues of Investkredit Bank AG in terms of issue volume: ISIN: XS0220043367
AT0000322458 AT0000322722 AT0000165873 AT0000479027
The issues of Investkredit Bank AG are admitted on the following stock exchanges: Regulated unofficial market of Wiener Börse AG Official trading of Wiener Börse AG EUWAX segment of Baden-Württembergische Wertpapierbörse Regulated market of Baden-Württembergische Wertpapierbörse Regulated market of the Prague Stock Exchange Regulated market of the Luxembourg Stock Exchange Open Market of Berlin Stock Exchange Open Market of Stuttgart Stock Exchange Open Market of Frankfurt Stock Exchange
end of announcement euro adhoc --------------------------------------------------------------------------------
Contact:
Investkredit Bank AG
Mag. Julius Wallner
Tel.: +43 0 50 4004 - 4112
mailto:julius.wallner@investkredit.at
Branche: Banking
ISIN:
WKN:
Börsen: Wien / stock market