EANS-Adhoc: C-QUADRAT Investment AG C-QUADRAT Investment AG plans to close its
Fundbrokerage business
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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.
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23.09.2011
In continuation of the strategy adopted by its management board of streamlining
the company´s corporate structure with the goal of increasing its profitability,
due to the changed economic and regulatory outline conditions C-QUADRAT
Investment AG (ISIN AT0000613005) intends to discontinue its business activities
in its Fundbrokerage division by the end of 2011 - subject to the consent of the
company´s supervisory board, where required - in order to focus exclusively on
its "asset management" core business segment.
In addition, subject to a positive assessment the company intends to relinquish
its license under the 2007 Austrian Securities Supervision Act
(Wertpapieraufsichtsgesetz, WAG) for investment advice and brokering of
financial instruments.
The management board is convinced that the cost savings realizable through the
discontinuation of this business division will in the medium term already
compensate for or even exceed the loss of the declining income provided by the
Fundbrokerage business.
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
Mail: a.wimmer@investmentfonds.atwww.c-quadrat.com
end of announcement euro adhoc
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issuer: C-QUADRAT Investment AG
Stubenring 2
A-1010 Wien
phone: +43 1 515 66-0
FAX: +43 1 515 66-159
mail: c-quadrat@investmentfonds.at
WWW: www.c-quadrat.at
sector: Financial & Business Services
ISIN: AT0000613005
indexes: Standard Market Auction
stockmarkets: official market: Frankfurt, Wien
language: English