EANS-Adhoc: C-QUADRAT Investment AG C-QUADRAT plans reorganization of its
corporate structure
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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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Strategic management decisions
23.01.2013
The management board of C-QUADRAT Investment AG and C-QUADRAT Kapitalanlage AG
intend to reorganize the company's structure. In view of the increasing focus on
individual core competences and tighter regulatory requirements, the management
board has judged that, in the medium to long term, it will no longer be
economically worthwhile to operate an own management company. For this reason,
subject to the approval of the Austrian Financial Market Authority, the
custodian bank and the supervisory board it is planned to transfer the funds of
C-QUADRAT Kapitalanlage AG to one or more external master management companies
and subsequently to relinquish its own license as a management company. As an
asset manager C-QUADRAT will thus focus in future on selecting and monitoring
sub-delegated, intragroup and external asset managers.
This new corporate structure will enable a reduced cost basis and entail
significantly lower administrative costs. Implementation of this reorganization
is planned during 2013. This measure is intended to strengthen C-QUADRAT's
independence as an asset manager, its medium- and long-term competitive position
and the company's growth.
Further inquiry note:
Roland Starha
Member of the Board
C-QUADRAT Investment AG
Stubenring 2
A-1010 Vienna
Tel.: +43 1 515 66 317
Mail: ir@c-quadrat.comwww.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