euro adhoc: C-QUADRAT Investment AG
Mergers - Acquisitions - Takeovers /
C-QUADRAT plans acquisition of M&A PrivatBank
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information
14.07.2008
Synergies across all divisions C-QUADRAT thus to increase fee-generating assets to EUR 5.8 billion Combined total assets: approximately EUR 200 million
Vienna, Frankfurt, 14 July 2008. C-QUADRAT Investment AG (ISIN AT0000613005) is planning - subject to positive due diligence, the approval of its Supervisory Board and the Supervisory Authorities - to purchase a 100% stake in Techno Verwaltungs- und Beteiligungs AG, the sole owner of M&A PrivatBank AG. M&A PrivatBank specialises in private banking, asset management and corporate finance and has fee-generating assets of EUR 1.3 billion. Integrating M&A Bank into the C-QUADRAT Group would increase total fee-generating assets at C-QUADRAT to approximately EUR 5.8 billion. The combined total assets of the two companies would amount to around EUR 200 million.
C-QUADRAT- the fund company - is an independent asset manager operating across Europe. Founded in 1991, the company has had is own asset management company with a bank licence since 2003 and has been listed in the Prime Standard of the Frankfurt Stock Exchange since November 2006 and in the Prime Market of the Vienna Stock Exchange since May 2008. The C-QUADRAT team has made a name for itself across Europe with its asset management, analysis and investment fund management activities and by devising structured products. Innovative investment strategies for institutional investors round off the product offering. Many banks, insurance companies and financial service providers operating internationally rely on the expertise of C-QUADRAT.
end of announcement euro adhoc
Further inquiry note:
Mag. Andreas Wimmer
Member of the Board
C-QUADRAT Investment AG
Stubenring 2
A-1010 Vienna
Tel.: +43 1 515 66 316
Fax: +43 1 515 66 359
Mail: a.wimmer@investmentfonds.at
Branche: Financial & Business Services
ISIN: AT0000613005
WKN:
Index: Prime.market
Börsen: Börse Frankfurt / official market
Wiener Börse AG / official market