EANS-Adhoc: C-QUADRAT Investment AG Joint Venture for the Management of
Pension Assets in Armenia
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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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Joint Ventures/Cooperation/Collaboration
02.10.2013
C-QUADRAT Investment AG (ISIN AT0000613005) is planning to establish and operate
an asset management firm in Armenia through a joint venture with Talanx Asset
Management GmbH, Cologne. C-QUADRAT will hold a 74.9 % interest in this firm.
Once Armenia's pension reform comes into effect on January 1, 2014, this firm
will take over - along with another well-known asset manager - the management of
state pension assets of the Armenian pension system. The total volume of pension
assets under its management will be gradually increased. The Central Bank of
Armenia estimates that this volume will reach approx. EUR 2 billion in the
coming years by 2020 and subsequently even more.
The Central Bank of Armenia signed a memorandum of understanding to this effect
with C-QUADRAT and Talanx Asset Management GmbH today.
C-QUADRAT is an asset manager specializing in quantitative and discretionary
absolute and total return strategies. The company was established in 1991. It
has been listed in the Prime Standard of the Frankfurt stock exchange since 2006
and since May 2008 on the Vienna stock exchange. C-QUADRAT is well-known for its
analysis of investment funds and as an innovative asset manager. Both
institutional clients and private investors rely on its expertise. With offices
in Vienna, London, Frankfurt and Geneva and sales activities in 17 countries,
C-QUADRAT is active throughout Europe.
Further inquiry note:
Mag. Andreas Wimmer
Stubenring 2
A-1010 Wien
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