euro adhoc: ESCADA AG
other
Swiss finance group Finartis takes control of
ESCADAs largest shareholder HMD Investment Partners LP
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
18.05.2006
Aschheim, May 18, 2006 - The Board of Management of ESCADA AG has been informed that as of May 12, 2006 the Swiss finance group Finartis through its asset management company European New Horizon (ENH) has acquired 100% control of ESCADA AG's largest shareholder, HMD Investment Partners LP, from HMD Partners. HMD Partners had lately been ESCADAs largest shareholder with almost 27% of the voting rights and capital in the company. HMD Partners initiated this investment in ESCADA in October 2003 through capital measures.
Finartis Group is based in Geneva and manages a diversified pool of assets with investments in stock-listed companies and other investments including private equity and real estate.
As part of the transaction, HMD Investment Partners LP has been renamed FCMH Fund LP.
end of announcement euro adhoc 18.05.2006 14:56:36
Further inquiry note:
Viona Brandt
Tel.: +49 (0)89 9944 1336
E-Mail: viona.brandt@de.escada.com
Branche: Clothing
ISIN: DE0005692107
WKN: 569210
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / official dealing